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Gold/Mining/Energy : Winspear Diaminds (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?

To: peter matson who wrote (251)	2/3/1999 10:52:00 PM
From: Andrew	Respond to of 1172

Peter. You know what they say. The market is always right over the long term. Where we can profit is when the market doesn't realize value over the short term. I never would have believed it but we might get a chance to buy WSP below 2 bucks soon. Just as they are gonna announce the start of their program. Who would have thought. And they think they know where the feeder is. Andy

To: peter matson who wrote (251)	2/3/1999 11:06:00 PM
From: maintenance	Respond to of 1172

This reaction is to be expected, it will likely go down further. But, if you look at what Winspear has said, and ignore the hype and the doomsayers, WSP should sell for about C$7.00, and it will. A lot of shares sold with the expectation that Winspear was on the verge of releasing results that would send the stock price to $1000. This won't happen. If you buy the stock now ( within the next month or so ) and hold it, you will get a very good return, but not a zillion percent. WSP also ran up very strongly when they first released positive results. Nuinsco is now in the same place Winspear was two years ago. Winspear is more complicated though. A metal is a metal regardless of what size pieces you find. 10 tons of nickle dust is the same value as one 10 ton chunk. That's not true with diamonds. The value rises dramatically with increase in size or clarity. It is much more difficult to value a diamond deposit hence the volatility. You can either trade the volatility or hold for the long run. If you don't make any mistakes or have too many bad executions, you will make more trading. Trouble is if you miss one or two calls you end up on the wrong side of the action at the worst times and it's really hard to recover. Remember that after a 50% loss, you require a 100% gain just to break even. Cheers