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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Ed Huang who wrote (5560)11/13/1997 5:48:00 PM
From: Jan A. Van Hummel  Read Replies (1) of 20681
 
Ed,

I don't know. The volume is so low. If there were no buyers at all it
should have closed lower and you would be right. The closing suggest
though a lack of sellers. It is very likely the volume will stay this
low until there is a news release. For the volume to pick we will need
to see levels around the 10 or so. If it drops to 5 - 6 I think you
will have many ready buyers.

JMHO

Jan
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