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

To: ddl who wrote (13474)	1/27/1999 5:14:00 PM
From: maintenance	Respond to of 26850

Put it this way. When the initial purchase price is below the future quarterly dividend, it doesn't take a great deal of intelligence to figure it out. The resource sector reminds me a little of the 1930's when companies share prices were below annual earnings. It won't last this time either. Cheers

To: ddl who wrote (13474)	1/27/1999 5:23:00 PM
From: marcos	Read Replies (1) \| Respond to of 26850

chart.canada-stockwatch.com winspear.com Imho comparing those two - the price/volume pattern and the news releases - demonstrates that overall wsp does not move lock-step in reaction to news, or even in anticipation of near-term news - not even close. Sudhir asked a good question a while back - 'What did people learn between June and October?' [something like that]. The answer imho is 'they just realised what previous news meant'. Yesterday's release goes a long way towards confirming grade consistency. So what we need now imho is tonnage - lots and lots of step-out holes. And they're on the way, real soon now ... the stock will keep on going up and down, that's a separate reality and a thoroughly enjoyable game imho .... if my pitiful excuse for a phone company hadn't let me down, I'd be slightly longer wsp now than yesterday .... cheers, all .... macros

To: ddl who wrote (13474)	1/27/1999 7:43:00 PM
From: Dave M	Read Replies (2) \| Respond to of 26850

Denise, the daytraders have control of most mining stocks now, IMO. The prices have no reflection of value or potential. This makes it hard for long term investors to come out ahead on these small companies, but heck, that's what makes it challenging. With a big Dow stock you just have to watch the price once every month or so, with these Canadian stocks you have to be at your monitor every minute the exchange is open to protect yourself and keep up with the daytraders. If you have followed this stock for any length of time, you would have seen that after just about every news release the price goes down. We had a big down last year even though good news kept coming out. Even VD in the core received little respect from buyers. Hang on for a wild ride up and down. For me, I don't have time to day trade so I'm in for the long haul hoping that eventually the price will be much higher, just don't know when. Dave M