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

To: Rocket Red who wrote (13075)	1/21/1999 11:30:00 PM
From: average joe	Read Replies (2) \| Respond to of 26850

the big bad bear always wins, sooner in this instance than later. aj

To: Rocket Red who wrote (13075)	1/22/1999 12:47:00 AM
From: fivedollar	Read Replies (1) \| Respond to of 26850

Red & All, The past couple of weeks has been very interesting for WSP. I think I have spotted a trend that is somewhat typical, typical of an upward curve. Teevee mentioned it awhile back. It happened to the Dow in January of 1998. I believe that the Dow closed 1997 around 7700 (I could be wrong). January 1998 the Dow was down about 5% in the first couple of weeks. There seemed to be a hangover from October 19,1997's 508 point drop. Analysts were casting fear of Asia's wrath which would kill earnings for American companies. The market suddenly turned around and by the end of January 1998 I believe the Dow was now up about 5%. I do not have the historical numbers but I believe they are fairly accurate. Anyway we all know that the record high of Dow 9374 was set in July, a mere 6 months after the GLOOM and DOOM prognostications. This my friends is called climbing the "WALL OF WORRY". This term is very simple to understand. My reasoning is that I have lived it and have been part of it. When the Dow was at 4500 it had just climbed from the 4000 level fairly quickly. Many were saying that 5000 was attainable in short order. Many PROMINENT newsletter writers were saying that the market will never be able to sustain itself, "if it hits 5000 of 5500 look out, a 50% retracement will surely follow. The market is out of hand it is scary, the world will fall apart". I cannot remember for certain but I can recall reading this newsletter and I am sure it was Doug Casey. Friends of ours get many newsletters from the U.S., I can recall reading this article like it was yesterday. The world did not end, the Dow did not retrace, in fact it blew right through to 6000. I definitely see the same trend with WSP. Several on this thread have been or have become naysayers for many different reasons, mostly fear, mostly "WORRY". This worry is not only associated with a falling WSP but also a rising WSP. Many of the naysayers plain and simply just do not want the stock to rise anymore because this is not the usual trend of the stocks they play. They are not suppose to go up over $5. The typical scenario is to see a play get promoted and then fall on its ass, move from $.50 to $4.50 then back to $.50. When this does not happen excuses are made and "Its just a matter of time before it crashes back down to earth". In other words the now naysayers made a little bit of coin on the way up and now know that selling was probably a mistake but the ego gets in the way because they think they know how to play the market. Does this sound familiar?......."the Dow cannot go to 8000 or 9000, look what Doug Casey said, look what is happening in Asia, Clinton is going to be impeached, Russia is falling apart at the seems"......WSP cannot go any higher, it is ridiculous, it is way over valued, gotta come down, look what Kaiser is saying, look what Bishop is saying, there has to be a scam, salting, the company will not tell us anything, whine, snivel whine............the "WALL OF WORRY". All I can say at this point to the naysayers is that this is the trend that I see. I think my logic has some merit.......but...even if I am wrong that is O.K. because I have traded this thing and made about $8000. Even if I did not make any money on this stock I feel at this point that it is time to buy 1000 shares and let it ride. Lucky for me I am riding for free and have taken these funds and bought back in for the long haul just because I would be a jackass if I did not. "MOST" everything points towards a successful ending to this story.......HOW CAN ALL THE NAYSAYERS AFFORD TO NOT HAVE A PIECE OF THIS THING. I AM WILLING TO BET A LOUSY 8 GRAND THAT WSP HAS THE SAME OR BETTER POTENTIAL THAT DIAMET, DIAMONDFIELDS, AREQUIPA ETC HAD. AHHHHH THE WALL OF WORRY.....PROFIT FROM IT....AND DON'T BET AGAINST THE FAVOURITE