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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Chad Barrett who wrote (10042)	12/5/1998 10:09:00 PM
From: L. D.	Respond to of 26850

Instead of responding to all posts one by one, I'll combine it into one. Many wonderful posts indeed. All of us make strong and valid points at one time or another. Maybe from now on we can start being civil to each other and contribute and improve the quality of this thread, and in the process enrich each other with new ideas. Chad, I know that it takes a lot of time to write lengthy posts and thanks for your input and cool headed approach. This is one part of my ugly personality that I'll have to work on and improve. To John; Sorry for post #10007. It has nothing to do with being disrespectful, and more to do with my warped sense of humor. Sometimes shock therapy works best, you have to admit. I tend to agree with Chuck that WSP is a totally different company than even last year. To exercise the thought of this stock going down below $1.00 is extremely unreasonable. It would only follow a NR of ACA's magnitude. The Fix is right by saying that charts do not work ( on many occasions ) with resource stocks and his reasoning is more or less right on the money. Take the time to look at the chart around June 22 and Oct 10. I don't think any chart at the time indicated a strong upward surge even though historically it looks like one might have picked up the signal and anticipated the move. I did follow the chart indicator in June, and unless my abilities to translate the indicators are way out of whack, I can swear that I didn't see anything unusual. My interpretation of last week's activity in this stock strays a bit from conventional wisdom, but next week should be a good indicator whether or not I'm correct. I believe that the stock moved strongly at the beginning of the week due to a PP participant's "leak effect" and conference in SF. On Wednesday (if I recall it correctly ) Canaccord mentioned WSP in it's morning coffee edition and indicated that the next support level is $3.50. In my view it was a smoke screen and a false signal that the stock has a chance to reach that level, which without the NR would be nothing short of a miracle. As of late VSE stocks in general have a tendency to get a "hiccup" at $3.00 and little above ( ARP comes to mind ). That's the level at which some of the discount brokerage houses will allow investors to short VSE stocks. On Wednesday many called the company inquiring when the next NR will come and were left with the feeling that it could take as long as 2 weeks. In that case many chose to short the stock as it was safe to assume that on Thursday nothing will happen and Fridays are not the best of days to have a good NR. Check the activity of DBH in SW's Trade Station and notice anything unusual ( from Dec 1 to Dec 4 ). God forbid if the stock gets halted on Monday, highly unlikely, but nevertheless possible. In the mean time, day traders had their stop losses kick in and the ones without stop losses went into a selling frenzy paralyzed with the fear of profit evaporation. I would not be surprised at all to see a strong surge in the stock price between Monday and Wednesday. If the NR won't come by then the cycle might repeat itself. Note that this is only my theory and I'm obviously making the chart before it's made based on the historical data. Time will tell. Good night all.