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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: RRG who wrote (12251)	4/24/1998 11:11:00 AM
From: Tommy G.	Read Replies (1) of 20681

Bob, Since you asked about market response, I checked with the real time quote server at Discover Brokerage. Currently only 3100 shares have traded. What I don't understand is the current bid/ask spread. The bid is 3 and the ask is 7. Last trade was 3 3/8. What kind of strategy are the MMs using and why? Tom Gardner

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