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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Doug Meetmer who wrote (7947)1/10/1998 11:54:00 AM
From: N.Howard  Read Replies (3) of 20681
 
Actually Doug, the best way to buy NAXOF is on instinet. Instinet is
an electronic trading system that matches buyers and sellers. While market makers certainly have access to instinet, the bids and offers placed on instinet are predominantly from individuals, or firms that do not make markets in a particular stock. If the "market maker" market is 5-6, you can bet that there is either a lower offer or a higher bid or
both on instinet.

N.Howard

P.S. I heard it was about 4000 shares that traded @ 6 1/2 . The market at 4:40 was 6 1/8 bid for 5000 shares and 1000 shares offered at 6 1/2.
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