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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?


To: kenneth w. calligar who wrote (5478)11/10/1997 10:40:00 PM
From: Jan A. Van Hummel  Read Replies (1) | Respond to of 20681
 
Kenneth,

Could it be that the "low" closings are a way to induce some selling by
nervous holders? Recently, the volume has been rather anemic and if there
is buying interest and you don't want the price to go to 10 or 12 you
try to induce liquidation of current positions by suggesting lower prices
ahead?

If there were to be a real concern for lower prices, I am sure that the
volume would be substantially higher, hence I tend to think these are little
games to try and shake loose some stock.

Just an opinion.

Jan