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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: ShoppinTheNet who wrote (14458)7/19/1998 10:12:00 AM
From: Henry Volquardsen  Read Replies (2) of 20681
 
I find this information very interesting. You state that management got the notification on Wed. Wed is also when the stock started and new trip south with higher trading volume. What do you IYHO think caused the sell off before the press release?

The higher trading volume started several days prior. But there was indeed a significant pick up in aggressive selling late wednesday. It definitely appears there were people trading on leaked information prior to the release. I pointed this out to Russ and he told me the only people who were informed wednesday afternoon were insiders and members of the advisory committee. Clearly one of these people either traded on the info or leaked it to someone who did. This was clearly material inside information and should be investigated and dealt with promptly. I have made my opinion on this clear.

As not to chance being the recipient of any Inside information I am content to not call my boys. I rely on the press releases thank you very much. To agree that no one wants to talk to me would be difficult, as I have not attempted to call them.

Right. Is that why you whine incessesantly about no one returning your phone calls? The fact is I speak to Russ and he has never given me any information that is not public. I have also been very open about posting everything I learn on this thread. So if you are implying that in my discussions with Russ I get inside information you are wrong. I certainly did not know this release was coming and have the trading records to prove it.
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