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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Henry Volquardsen who wrote (13085)5/21/1998 9:30:00 PM
From: Richard Mazzarella  Read Replies (1) of 20681
 
Henry, we aren't talking the same language. The shareholder capitulation is a final desperate selloff by shareholders that give up at the end of a long decline. The characteristics are intense high volume selling, a blowoff, followed by a reversal with large volume. I was hoping that's what was occurring with NAXOF over the last few days, that's why I bought. Capitulation didn't occur, the stock is still being pressured. It doesn't have anything to do with fire assays, fairy tales, or desert dirt's, its a stock thing. IMO Naxos has some systemic problems that must be worked through before the stock will appreciate again. This is just a stock like any other stock to me, not a love affair.
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