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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: ShoppinTheNet who wrote (11791)4/14/1998 3:27:00 PM
From: Jan A. Van Hummel  Read Replies (3) of 20681
 
People invest for a variety of reasons.

Buying Naxos stock in the past never was a real investment. For many it
was mostly a speculative decision to take a long shot at making a
horrendous return on money most of us were willing to risk to lose.

As long as the big numbers, the 2 and 3 opt were showing up and being
dangled in front of us, there was enough reason to stay with it.

Now we are getting more reliable results, and good results at that, we
also know that we will not see the exceptional results on which earlier
decisions were made.

This being the case we have arrived at a point where some of us may decide
that since there is no great likelihood of a $1000 share anytime soon to
take their money and place it somewhere else.

Those that will stay with Naxos are likely considering it now an investment
rather than the gamble it frankly was for a long time. We do know that
it is going to take more time to reap the full benefits of our investment.

Nonetheless there is still the chance of failure, but it is MHO that we
are on less shaky ground now than we were several months ago.

Mind you, had we seen Naxos move slowly from about $1 last July to $3.50
today, wouldn't we feel a lot better? Frankly, $9 and $10 was overdone
and highly speculative and never justified, but it did feed the frenzy
all right.

JMHO

Jan
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