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

To: Sam who wrote (10346)	12/10/1998 12:43:00 PM
From: Chad Barrett	Read Replies (1) \| Respond to of 26850

Sam, Investorline should margin diamond stocks that are trading on the TSE. Aber for instance definitely would be marginable! If this is not the case I appologize in advance, but I can't see any reason for them to make an exception to the rule just because a company is a diamond stock! As far as WSP goes, its trading sooooo neat and tidy like... the chart is giving all the signals, and quite clearly too. I still don't trust the charts for any VSE stock fully, but WSP is behaving very nicely right now.... Yesterday during the last hour or so of trading (use Yahoo 5 day chart to see it) WSP reached a peak and started to trend down a bit after 2 days of rising steadily. This morning when it opened a penny below the yearly high and couldn't break through on 2 attempts, the stock started to slide. There was no sign of agressive buying, just people sitting and waiting for their bids to get hit. As a result the slide started... (as the chart at yesterday's close indicated) If the pattern continues I would expect a pullback to 3'ish before the next surge. I wouldn't be surprised for a chance to pick up shares in the low to mid 2.90 range... although it could be short lived (like the dip we have down to 2.60 on the last pullback). If news comes out the stock naturally could break the "orderly" trading pattern it has been enjoying recently. I have been studying for exams recently and therefore I wasn't able to play this last swing... but I feel confident that another surge up will be coming shortly (especially if a TSE listing in going to happen soon). Once it breaks through 3.50 on the next surge hopefully I'll be able to move my trading position again... Chad