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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Jim who wrote (7326)12/15/1997 7:48:00 PM
From: Henry Volquardsen   of 20681
 
Jim,

Sorry my wording may be poor. I probably should have said scale back instead of scale down. To be precise I was adding to my position so I am definetly not becoming skeptical. I had bids in at 7, 6 1/2 and 6. I got the 7s. These were not large, just trying to get a sense for what the market makers are up to. I'll continue to nibble at it for the balance of the year. I have a number in mind that I would like to buy and if I don't get it by the middle of Jan. I will become a bit more aggressive.

Henry
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