Naxos Resources (NAXOF) Message Board

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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: ShoppinTheNet who wrote (7880)	1/8/1998 3:15:00 PM
From: Random Walk	Read Replies (2) of 20681

S.K. Bought more today. Will probably buy more tomorrow. I learned from Home Depot, Microsoft(sell now), Wal-Mart, etc. Stocks go through 4 phases: speculation(naxof now), hyper growth (this is where the big $ starts comming in based on a good "story" that is credible) transition(where earnings show up and perception prevails) then reality sets in with some sort of "maturity" as the stock trades with a consistent pe multiple. Some stocks never make it that far. Naxos with its' "process" has the opportunity for tremendous recurring revenues. Just think of a few 2 for 1 splits and the resultant dividend! It's a shame that most investors will be willing to sell their shares to the institutions at a nice profit. Me, I'll wait for the dividends! R.W.

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