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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Richard Mazzarella who wrote (13004)5/18/1998 4:20:00 PM
From: Jan A. Van Hummel  Read Replies (1) of 20681
 
Evidently, at current levels the stock can be considered an eternal
option again. Did not expect to see that anymore but here we are.

So, picked up some more call options at 2-1/4. Of course could have
done better at 1-7/8, but that may all be academic. I suspect we will
soon know.

While there is an appreciable amount of selling going on, panic selling
for that matter, I have not seen anything to suggest that management
is throwing in the towel.

So, I believe these are secondary forces mainly aimed at shaking loose
some cheap stock, for whatever purpose.

Time will tell, may be rather sooner than later, and perhaps we will
all be wiser for it.

Hanging tough.

Jan
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