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


To: Rocket Red who wrote (10820)12/23/1998 7:18:00 AM
From: L. D.  Read Replies (1) | Respond to of 26850
 
Red,
I wish your broker all the best, but if he new anything he wouldn't be predicting $5.00 or $6.00 price targets in January.
I'm as optimistic as the NEXT guy ( and I'm not talking about Johnny P here ) but:
1). The PP news is out.
2). Lab results will only prove what we already know, and believe me, that no big diamonds are in it, but of course I've seen weirder things happening.
3) Drilling will take a long time to prove the cone sheet theory.
Based on the above the downward pressure on the stock will take place in January since we could experience a heavy duty profit taking by investors who wanted to defer any capital gains declaration
to tax year 1999.
This is one aspect that some, should take into consideration. Whether or not it is valid remains a big question mark.
If anyone out there choose to crucify me, please be gentle on me. My delicate hands wouldn't take lightly any contact with nails.
By the way, I haven't made this statement based on any shadows, sticks, moons etc. therefore anything can happen.
Good day.