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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: John Sloan who wrote (5327)	11/6/1997 2:48:00 PM
From: mark silvers	Read Replies (1) of 20681

John Spreads tend to widen out when there is a measure of uncertainty. That is much more likely than a market maker plot to influence the direction of the stock. Look at it ffrom their point of view, Naxos makes a near meteoric rise from $1 to 10+. then drifts down to $8, and takes a one day plunge of $3. It then makes up that $3 loss in a matter of a few days. They are probably somewhat whipsawed. It is no wonder that the spreads may have widened. Also was that quote from a single marketmaker or a conglomerate of all the quotes? If it was from one market maker, there may be $8 bid at another marketmaker. It's too hard to tell. Either way, I like a 7.25 x 8.25 market, much better than 5.00 x 5.25:-) Mark Besides, we all know that traders live to rip off innocent people like ourselves. Maybe Henry can tell us some of his better tricks in ripping off people so we can be more aware? Henry, "fess up? Mark

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