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

To: teevee who wrote (18531)	4/23/1999 4:32:00 PM
From: bill	Read Replies (1) \| Respond to of 26850

Teevee, Interesting action today. Last night I was analyzing the chart pattern for WSP and it looked as close as you could get to a head and shoulders pattern with a neckline at 3.50. My fingerwas on the trigger this morning but I've learned to not pull the trigger until a pattern has developed. First trade, 2,000 shares was 3.70. If the price had gone under 3.50 and stayed there, I'd have been out because it would have implied a big drop over the next few days. The one thing that kept my finger off the trigger was the lack of volume. Guess those options aren't going to be exercised en masse. The pattern had looked bullish but with very little volume so no confirmation about direction. Small volume and a stock price can go against you on a moment's notice. I see SUF is taking a real beating. Someone said it was a margin call forcing someone onto the market. If so, when it is over, the price should rebound. Dangerous game we play.