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

To: teevee who wrote (10814)	12/22/1998 10:44:00 PM
From: Rocket Red	Respond to of 26850

Teevee I total disagree with you Jim Pattison has also bought on the open market well above the PP.This is only one Guy were is your French dude I thought you said he was involved with the PP.The PP is still not completly down otherwise we would have seen more names come out.That is why the delay in Tse listing.

To: teevee who wrote (10814)	12/23/1998 2:32:00 PM
From: Gary Nash	Read Replies (1) \| Respond to of 26850

Teevee: You're right. Typically, when one takes a private placement, the smart thing to do is to short the stock at a "reasonable" price which locks in a profit. Then one must carry any margin if the stock trades above the short price, BUT ONLY UNTIL ONE DELIVERS THE STOCK AFTER THE HOLD PERIOD OF THE PRIVATE PLACEMENT to cover the short position. If the stock is a winner, one has the options to reinvest in the stock. So it is obvious why Pattison and other big players make money in this game. He probably did the same thing with Cartaway with his private placement. Gary.