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To: L. D. who wrote (10027)	12/5/1998 10:41:00 AM
From: wayne cath	Respond to of 26850

Great read LD......please post more often..........thanks

To: L. D. who wrote (10027)	12/5/1998 1:09:00 PM
From: kidl	Respond to of 26850

Well put L.D. Let's just hope the right people take it to heart. Best kidl

To: L. D. who wrote (10027)	12/5/1998 3:14:00 PM
From: John Paquet	Read Replies (3) \| Respond to of 26850

L.D.; I appreciate your comments; although you have some points to say, most of them are inaccurate. Please don't mess up by saying that I am a day trader. As a matter of the fact I hate and even scold the day trader-- the most foolish thing that a man can do. All I am posting in this thread with a remainder that it is possible [not impossible) that you might lose money in bullish move of WSP. You can be 100% correct by holding your long-term strategy unless you are 101% perfectly sure in judging what our WSP will do next. Besides this is a speculative play; not 100% sound fundamentally and technically. When our WSP this 1998 bullish rally from that .43 to $3.11, a nearly 800% move, I apply my trading tactics accordingly. Especially I saw that perpendicular, nearly vertical line price line. I exercised cautiously. I proved that I was right by seeing that double tops testing that $3.11 unsuccessfully two times. Our WSP has been heading south from that $3.11 to that $2.71 and bounded back last few minutes to $2.77 at the close. The ideal long-term strategy is pick the bottom and sell at the peak. What I am saying is this. At this range of WSP is not the bottom not cheap any more. The ideal bottom is that nearly 6 month ago at .43 IN ORDER TO MAKE REAL PAPER MONEY.. I can tell you that I am a technical trader; I would never ever commit to a "BUY AND HOLD" PLOICY OR STRATEGY especially for this penny stocks; unless I make 100% damm sure. I use technical methods {TA] and take advantages of every intermediate swings to a maximum capacity or profits that I could enjoy getting it. On the contractory, I cut losses to a minimum degree like Mr. Newt Ginrich's method cut losses as soon as he detected that this mid-term U S election G.O.P. by losing 5 seats, he knew what went wrong he cut losses immediately by resigning that important U.S. Congress House Speaker. I could be for sure that I would make more gains than waiting for the long-shot and I would never ever miss any opportunity eith to get in or GET OUT.. What happens if our WSP is no longer able to break that $3.11 as it did in 1996's rally to that $4.00 and lost its rally retraced to that .43. And I observed the chart more cautiously ever when that follow named Nathenac woke me up and made me think twice. I noticed this 1998's rally curiouly enough, it just hit that 1996 rally's down turn rally's NECKLINE AND SOON LOST THAT MOMETUM. As a exsperienced and trained market technician, I act very very cautiously. Howerver I always stay alert and watch closely what really indeed it is happening. Again, a long term investor do not suitable for this kind penny stock speculation. In the case of 1996 our WSP could GO down from that $4.00 to .43. I could image this 1998 rally could go down to .34. And I am not kidding at all. What do you see differently this 1996 rally and 1998. To me it all speculation. tHE SAME OLD THING OR PATTERN REPEATEDLY AND REPEATEDLY. Well it looks too long for this postings. Howerever, I will continue to present my points of view as SI talks to me is a good classroom purely for discussion purposes, nothing else. John Paquet

To: L. D. who wrote (10027)	12/5/1998 6:12:00 PM
From: Chad Barrett	Read Replies (1) \| Respond to of 26850

L.D. I agree completely with what you said. I also was annoyed and frustrated by JP and his bombardment of TA messages to this thread. However, some of his points were valid. It just got blown out of proportion which led to more messages, etc. I almost posted a message to him myself telling him to go take a leap... but I didn't... I will occassionally post a message here where I refer to "chart reading" (in the limited form that I do it...). Basically, I post such messages to exchange my ideas and opinions with some others here who follow WSP on a daily basis (Abbeydale, red, marcos, etc...). I have only "traded" WSP once so far. I am not a "day trader", although I do some daytrading when the opportunity presents itself (T.BII recently). I will also sometimes trade the swings on a stock I hold, such as WSP. This is done to attempt to take some profits when the opportunities present themselves, and I will gladly re-enter the stock at a lower level once again if the story remains intact. I don't believe that my "investment stategy" is better than anybody elses... far from it! I'm always looking to improve my stategy. That is why I value other people opinions so much (learning from others is how I have developed my current trading strategy). I also agree with you that most day traders don't spend much time in places like SI - I would also venture to say that most don't play penny stocks either! My post was not meant to defend those who come here and abuse this thread.... it was just meant to point out that everyone should be free to post their opinions here in a responsible and intelligent way! Those who step beyond the boundaries of making responsible and intelligent comments will undoubtedly lose credibility and be ignored (that is the best way to deal with them... responding to them just encouranges them to continue - a basic observation of human nature). Just so you know, I don't think I will ever "day trade" WSP... but I will attempt to sell part of my holdings whenever it gets ahead of itself, and I'll buy more when it becomes oversold. How will I determine when WSP has achieved either of those conditions... I will use my best judgement based on the way the market is behaving. I will also happily share my observations with this thread, and I will have the benefit of the observations of others on this thread. This thread will also provide us all with a solid understanding of the fundamentals on WSP. All in all, everyone will be better off for it... All the best to you L.D. Chad