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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (3573)	8/28/1997 8:24:00 AM
From: Millracer	of 20681

Mark: Your post makes sense except for the reference to Richard M--who has never been right since I've been following this thread. I also ran into him over on the CHIP thread--now there is a real loser for you. Naxos is going to hit 20 on this current run when the SRK hole results are released and 30 on the speculation of BD results. Sure, there will be some pullbacks along the way, but all in all we are headed for $50.00 per share after BD holes are analyzed. Those who are willing to stay for the long haul will see even higher values but it will take a greater period of time. Fundamentals are no longer as important as they should be--once the mutual funds get involved they feed off each other--the Dow Jones numbers are proof of that. I will admit, however, that a major correction will be in order at some point in time--how much tolerance we all have for the manipulations of the market in this stock that will certainly occur in the next few months will determine our ultimate individual fates. I, for one, am going to hang in (with possible partial sales at strategic intervals) but, for now, I am awaiting Kim's next post--I'll bet it will be a dandy.

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