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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?


To: Sudhir Khanna who wrote (1866)1/15/1999 1:01:00 AM
From: Tomato  Read Replies (1) | Respond to of 2251
 
Sudhir,

"What did the insiders learn between June and
October that made them decide to put some of their own money into the
company? Why didn't they do it in July? "

Excellent point. Do you have an answer?

TOP 7 REASONS WSP INSIDERS DIDN'T BUY WSP STOCK WHEN IT WAS CHEAP AND INSTEAD WAITED TO BUY AFTER IT WENT OVER $2 A SHARE

7. Dr. Bob hadn't come out of mothballs with his cone theory until the stock price went over $2.

6. They were waiting for George J. Tromp to start his newsletter and opine on the pros and cons of WSP stock, but since George couldn't get it together as soon as they'd like, they threw up their arms and arranged the private placement after the stock had run up.

5. In July, John Kaiser hadn't yet predicted the $10-$20 stock price, and when he did the insiders, knowing how erudite and sophisticated (not to mention logical) Kaiser is, decided to follow his advice and get on board.

4. . The insiders had read How To Make Money in Stocks by Wm. J. O'Neill, and were of the school that it is best to wait until a stock has gone up several hundred percent and to "buy high and sell higher."

3. They were waiting for George J. Tromp to start his newsletter and opine on the pros and cons of WSP stock, but since George couldn't get it together as soon as they'd like, they threw up their arms and arranged the private placement after the stock had run up.

2. Jim Pattison got pissed off at the amount he had to pay for a diamond ring for his wife around September and decided to buy the controlling interest in a diamond company so he wouldn't get ripped off again. WSP was interested and news of the impending PP took the stock price up.

And the #1 reason why WSP insiders bought in Oct. and not July was...

#1. WSP insiders, being the fair-minded people we have come to know and love, learned of the cone theory during the summer but decided it would be crass of them to capitalize on their superior knowledge at the expense of ordinary investors and waited until the stock price caught up with the cone theory before investing.



To: Sudhir Khanna who wrote (1866)1/15/1999 2:34:00 AM
From: Intrepid1  Respond to of 2251
 
Sudhir, as you know junior resource markets were in utter disarray during the period in question. In all likelihood the market operators behind Winspear took advantage of this period to clean up the market by shaking out the disbelievers and picking up cheap stock.

This stock was then sold in the first major volume breakout above two dollars and provided much of the funds for the private placement. (Remember those mega million trading days!) As most of the placement was flow-through, it took care of much of the potential capital gains problems for those who had filled their boots on cheap stock.

In my opinion there is nothing wrong with using the market this way to finance continued exploration and bulk sampling. At least the operators and management re-invested a good portion of their winnings back in the company instead of blowing off their stock and walking away.

So in short, even though Winspear had fantastic results in June, Market conditions (I.E. sloppy share structure and dismal resource markets), didn't warrant a major financing during the period in question.

regards

etc.



To: Sudhir Khanna who wrote (1866)1/15/1999 6:51:00 AM
From: George J. Tromp  Read Replies (2) | Respond to of 2251
 
Hello Sudhir: Do you feel you can not slither onto this thread, ask a
petty question, and then impregnate your services here. Do I see
your name at the heading on this thread.? Do I see your bonafide
attempt to add to the research base on Diamond Stocks on this site. No I see an opportunist that thinks by advertising on this thread,
he is wll sell some more subscriptions on the "National Enquirer Mentality Format."
Have a nice weekend
Sincerely
George J. Tromp



To: Sudhir Khanna who wrote (1866)1/15/1999 7:03:00 AM
From: Chas.  Respond to of 2251
 
Sudhir Khanna.......... The North shore drill holes, disclosed in October, revealing additional tonnage in resource. The MRDI report became available in September, I think.... George Tromps disclosing of pertinent info thru his newsletter, free copies to the insiders. Tax advantages of the PP........ The final and most probable reason is the reading of your free copies of The Resource Indicator sent to the insiders just about two weeks before George could get his to the same guys, and you have more creditibility anyway........ Lastly, but a longshot, the insiders after discovering how deep Tomato was into the stock and how really agitated and super pissed he gets anytime a company individual or insider gets a break not offered to us peonistas, decided that October, being close to Halloweenie, was an opportune time to further piss Tomato off.