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

To: Rick Wyatt who wrote (10413)	12/12/1998 9:46:00 PM
From: Rocket Red	Read Replies (1) \| Respond to of 26850

Go ahead Do what you think is best.We new you had nothing else to say anyway.Its already cost you money and will cost you more. PS Make sure you save some for Christmas hate to see you at the salvation army begging for food.

To: Rick Wyatt who wrote (10413)	12/12/1998 9:47:00 PM
From: Steelguy	Respond to of 26850

Welcome Back Rick, so nice to have you here adding to the thread. You did not respond to this post to you so I will put it here again so you can be sure to read it. Have a great night. sg Message 6766585

To: Rick Wyatt who wrote (10413)	12/13/1998 9:07:00 AM
From: peter matson	Respond to of 26850

Ahh yes the great thing about the internet is you get all this free wisdom from market gurus! I guess every stock that moves to the TSE tanks- I must remember that. Regards

To: Rick Wyatt who wrote (10413)	12/13/1998 12:14:00 PM
From: teevee	Read Replies (1) \| Respond to of 26850

Hi Rick, Short selling is a legitimate market transaction. It is usually part of an orderly market. With junior resource stocks on the VSE, in general, you will make money shorting a stock about 99.9999% of the time, if you short near the top of the price range, provided you can borrow the stock, with the following exceptions: 1. The promoter has deep pockets and turns the game into an open stakes poker game. 2. The junior company makes a big discovery, thus the share price escalates a wall of worry because it is underlain by a real resource asset. Most brokerages who handle vancouver listed companies usually reserve short selling strictly for the "house account". It is most likely that if you are shorting WSP, they are day trade shorts. In other words, you and most other day traders or short term traders are generating one hell of a pile of commissions for the brokerages, in addition to the series of small loses that constantly chip away at your capital. Significant discoveries are very, very, very rare. Winspear has made one and it's share price will escalate the wall of worry to great heights. Do yourself a favour and go long and hold it. That way you will cover your loses and make a pile of dough. regards, teevee