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

To: WillP who wrote (18428)	4/19/1999 5:22:00 PM
From: loanshark99	Read Replies (2) \| Respond to of 26850

How long will this stock stay in this range?

To: WillP who wrote (18428)	4/20/1999 11:41:00 AM
From: bill	Read Replies (2) \| Respond to of 26850

Just saw two trades on WSP 50,000 @ 3.85 20,000 @ 3.85 Someone is a believer.Surprisng given the market during the last two days. A look at the Yahoo site shows 8 out of 10 top volume stocks down, some substantially. BII -5.55. GEM 37 -9 MB -50 CM -85 The drop is right across the board. Blue chips, pennies, most sectors. Pipelines have held their own but just barely and may succumb by the end of the day. RXD is +13. PUG +1. My screen is just about all red and blue. CAV was up at the beginning of the day, then fell into negative territory. TQY is neutral. No news on Stockwatch for WSP and yet some big buys. 50,000 at 3.85 is serious money. So,for that matter, is 20,000. Maybe the result of RT's European sojourn? It's not coming from any action on adjoining properties. SUF is up a nickle. Someone wants the stock badly enough to keep hitting the bids.With nonews, they either think they know something or do know something. Still haven't breached that resistance line at 4.00 but sure are building a positive triangle with the lows moving uptoward the resitance line. That is very bullish. On the negative side, there's not much confirmation from volume. If we get volume, Bilecki's prediction of 5.00 will happen very fast.

To: WillP who wrote (18428)	4/20/1999 2:03:00 PM
From: bill	Read Replies (2) \| Respond to of 26850

Interesting trading pattern.Went away for awhile, came back, checked the trading 3.92, then a bunch of small trades down to 3.85 whereupon someone took 30,000@ 3.85. Then a bunch of small trades. Then nothing. Weirder and weirder. There we are 1,000 @ 3.89. Looks like it is in an uptrending channel. It's not like it has built abase for the day,then buyers have gradually worked their way through the various price levels. Instead, there seems to be a run up as buyers buy everything up to around 3.95, some big buys, then the price falls back a bit, then there is a run up, some big buys, then falls back a bit. I've seen this before when a stock was getting ready to make a run. Traded it a couple of times, made a few bucks each time,then traded it again when it hit the top of the channel and it ran away on me. Missed the real run up.Another 2500@ 3.89. If it holds to the pattern, thenext few trades should move it to 3.92-95, then it shouldfall backto around 3.85 and someone will pick up a big chunk of shares.It's like watching runners in the starting blocks who keep making false starts because they're over eager. Watch JP's resistance line. If that is breached,then a run may be about to start.If not the spring will have been wound tighter for tomorrow.