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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Larry Brubaker who wrote (6569)12/7/1997 2:51:00 AM
From: Doug Meetmer  Read Replies (1) of 20681
 
What makes you think these guys are shorting Naxos? This is a
tough stock to short, IMHO. The stock is thinly traded, manipulated,
and the shares can be called back in at any time (the short squeeze).

Good candidates for stocks to short are those with large floats, that
have high average daily volumes, easy to pull up quotes on, and
that any brokerage house may own.

I think it would be an incredibly stupid thing to do to try and short
Naxos. It would be far too risky and the shorter could be too
easily squeezed.

Just my humble opinion.

Doug
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