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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: soxan who wrote (12809)	5/13/1998 1:06:00 PM
From: Henry Volquardsen	Read Replies (1) of 20681

soxan, I am by nature not a short term trader when it comes to equities. I tend to look for longer term equities and don't sell short. I also believe, as you have stated, that Naxos has the gold and there is a risk to not being in the stock. That said, the stock does appear to have found support. Considering your view I would maintain my core position and by some additional shares for trading purposes. But it will be important to be disciplined with those shares. If the current support does not hold it would be tempting to just add them to the investment account but this would be intellectually dishonest. If you are going to use a portion of your funds for short term trading it is important to use the proper discipline and keep the two different blocks clearly segregated in your thinking. Henry

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