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

To: teevee who wrote (11400)	1/9/1999 9:14:00 PM
From: bill	Respond to of 26850

If someone wants to make comparisons so as to see the likely movement over the next six months, I'd suggest making the comparison to ABZ. The best way I know is to use the ten year charts on Big Chart if you don't have access to something like Stockwatch. You can put in the dates of the press releases and see the relationship of price movement to press release. The reason I suggest ABZ is simply that DMM was the first important diamond find. Conditions in diamond exploration have changed greatly since then in terms of investor psychology and experience.I was already following the diamond stocks when DMM was making its move to 66 dollars. The excitement was incredible. I remember watching the board as the bids and asks were a dollar apart and the the asks were being hit. I think if you also call up five year charts, or longer, if possible, you will see that the early excitement drove stock prices much higher on far weaker results than we now have. If WSP had its present results at the time that DMM was making its move, it would have been twenty or thirty dollars or more. Remember, KRR hit fifteen. If I remember correctly HSX and DTA were around 5.00 on a portion of Tli Kwi Cho. Since those days those of us who have stuck with diamond exploration companies have been through a lot of companies, have survived a lot of wild expectation, and disappointments. We've gone from being naive believers to having a show me attitude. It has been much harder for WSP to move up its stock price than it would have been a few years back.The barrier has been raised. That is tough on the day traders and the hypsters but good for the rest of us who've owned stock in WSP for a long time and are inclined to go long and stay long because we've believed in the company. Teevee's enthusiasm is much appreciated but if something should go wrong, he won't say oops, sorry and give us back our money. On the other hand I don't think JP, if he convinces someone to sell and the stock goes to 50 dollars is going to say sorry about that, I got it wrong, here's the difference. I hear people knocking teevee for his enthusiasm and JP for his wild proclomations. Personally, I want to hear it all. If someone is betting his house, I want to know that. If someone else is going short, I want to know that. Most of all, I want to know WHY they're making those bets. I probably won't agree with either or any of them but I still want to hear it. There have been times when I wished I'd listened to the enthusiasts and times when I'd listened to the doom and gloomers.

To: teevee who wrote (11400)	1/9/1999 9:22:00 PM
From: kidl	Read Replies (3) \| Respond to of 26850

OK girls/guys, I know I am not 1 of 2 people on this thread who subscribe to Kaiser. He just put out a 15 page Express on WSP and raised some, what I would consider interesting questions that will affect the market at least in the short term. This thread may be better off by addressing some of his points instead of disregarding them. Let me get the ball rolling by asking the following question: What percentage of the indicated per ton value should be attributed to the 3 large stones? Hoping that this will bring us back from the hype / bash posts of the recent past to a real source of information for the MANY lurkers on this thread. Best kidl