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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: citydi who wrote (6035)12/1/1997 7:56:00 PM
From: GlobalMarine   of 20681
 
Citydi: It's interesting that whenever a stock rises, we pat ourselves on the back and attribute the move to good fundamentals, mutual fund purchases and the like. When a stock weakens in prices, it's always short sellers, market makers, or something else that's supposedly benign. Since this summer, significant price moves in Naxos seem to have always preceded signficant news, so I'm a bit concerned. The DDs, however, often have one-day spikes in volume and a corresponding price move, so I'd wait to see what happens tomorrow. If the stock drops another $2 on heavy volume, that almost certainly means something has gone awry.

Rand
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