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

To: Andrew who wrote (11958)	1/15/1999 1:03:00 AM
From: Andrew	Read Replies (1) \| Respond to of 26850

Everyone seems to think that the Bashers here are the ones that are short yada yada. Well I beg to differ, this is not the way it works on the internet and in these here SI talks. The biggest hypesters making the most outlandish statements about the stock going to the moon and telling everyone to bet the farm are usually the ones that are short. They pick their moment when the hype is losing momentum a go short. I've seen this so many times now here on SI that it has become painfully obvious. Painful to the holders of the bag. I'm not saying that I don't like the chances of WSP having the most valued asset in the history of diamond mining, I'd love to see that happen and be there to enjoy it also. However a project value at this point of about $300 million? Compare this to a reputable Mining company like SouthernEra which has a market cap of $200 million and will probably produce well over 500,000 carats of high quality diamonds this year. It was a great ride and I got out Monday. The risk/reward here is not as good as it was at $1.00. Andy

To: Andrew who wrote (11958)	1/15/1999 9:24:00 AM
From: Cohiba	Respond to of 26850

Hi Andrew, Canaccord and Yorkton net buying could be two things: 1)short covering or 2) Long buying. All I know is that I have followed these ststistics for almost two years re: Winspear and have discovered that you should not most of the time go against Canaccord with this one. I have tried to trade the short term pattern with Winspear and have always ended up having to buy at higher prices. Bought at an average of 0.95$ in 1997 and sold at an average of 1.35$ last summer. Bought back at an average of 1.50$ sold at 2.25$ and now I'm back at ... Regards, Cohiba