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

To: Abner Hosmer who wrote (10702)	12/19/1998 6:21:00 AM
From: peter matson	Read Replies (3) \| Respond to of 26850

Just my two cents on the subject of insider buying selling. For starters I certainly have no first hand knowledge of why any of these people are buying or selling stock but one can make some assumptions. First if I were able to participate in a private placement in a company at say $2.00 (plus a warrant), and said company company was trading above that price I believe that I would take the plunge and buy as many of the units as I possibly could. Now lets assume that I dont have all the cash on hand, but I do own shares in said company. Don't know about you but I would sell some shares into the market above $2.00 and get all the units I could at $2.00, since not only is one lowering their average cost but one is also getting that extra warrant as an added kicker. Don't know if that what has happened here but it may be a possibility, and lets face it they didnt sell at the top either! Regards

To: Abner Hosmer who wrote (10702)	12/19/1998 8:03:00 PM
From: .Trev	Read Replies (3) \| Respond to of 26850

During the course of the past 45 years of activity in this market I have seen quite a few variations in both successful and unsuccessful junior exploration companies. I have also learned never to be so brash as to tell anyone that he is wrong. In this case I don't know randy, and have never met him or any of his crew so therefore have no direct knowledge of what use the insiders are making of their money. I simply observe and think and compare and try to figure out what's going on. Usually the good legitimate promoter (and all his group) will be dedicated to keeping the treasury topped up to meet whatever hopes and expectations they might have. As someone said in an earlier post you raise money when you can not when you need it. Particularly in the kind of financing environment we've had in 1998 AB (After Bre-x). I don't insist that you agree with me! Feel free to make your own assumptions if that makes you happier. I expect the inside gang to have ambitions to become wealthy.... Don't we all. Personally I only follow greedy promoters, and successful ones at that. IMHO too many posters spend too much time whining about what management is doing or not doing or should do or anything else. I just look at the end results and either buy, hold or sell accordingly. After all the decisions on my investments are mine and mine alone. Sometimes as Adlai Stevenson said "I'm too old to cry and it hurts too much to laugh" Crying doesn't help any way. For your own peace of mind if you don't like what you see management doing SELL. But before you do ask yourself how you would make sure the company has the funds to tackle whatever comes up.