Naxos Resources (NAXOF) Message Board

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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Henry Volquardsen who wrote (14392)	7/17/1998 1:19:00 PM
From: go4it	Read Replies (1) of 20681

Henry, I would hate to be a party pooper but large volume with little price drop could signify a short covering. If there was a significant short position in the stock it is possible that they are supporting the current price. Again, if this were the case then once they are covered the downward momentum of the price will continue. Take a look at the price chart for IPMCF for the week beginning Nov. 17th and see if Naxos chart begins to correlate to that one. I'm still hoping for the best for you guys but hate to see anyone get burnt in the process. Chuck

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