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

To: George J. Tromp who wrote (1986)	3/26/1999 11:07:00 AM
From: bill	Read Replies (1) \| Respond to of 2251

George, Something seems to be up with the trading pattern of WSP. It was forming a triangle with the trading range becoming more and more restricted. In that situation the stock has to break out but the triangle gives no indication of whether it will be up or down. WSP broke out decisivly to the upside, dropped back slightly, as would be expected and, today, has moved up past the three sixty range. If it breaks past 3.70 the price will be bullish and with the OBV up, I'd expect some sort of positive news. I very much doubt that the rather wild rumours on SI have more than a marginal effect on price movement. They probably tack a couple of cents on or take them off depending on the rumour. I'm keeping a close eye on the OBV. it seems the most reliable of the indicators but, of course, is only good for short term trends until new circumstances change conditions. I see that REX is up again. That was a good call. I should have bought at 80 cents when you recommended it. Ah well, lost opportunities and hindsight.