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

To: mark silvers who wrote (7298)	12/15/1997 3:00:00 PM
From: Art Pesner	Read Replies (4) \| Respond to of 20681

Comments from a long-time lurker: 1. No one should be too concerned with daily price movements. I am employed at a money mgt. firm. We speak to MM's frequently during the day. They themselves are slow on the uptake with changing their quotes. Quotes shown on Nasdaq Level II machines are largely irrelevant. 2. I currently, and for the past two months or so, have seen an amazing amount of skittishness about future prospects. People, remember this is a very long term play - either have the courage of your convictions or maybe it is time to take some profits. 3. There have been many stories recently about the development of fuel cells. Apparently, one of the major stumbling blocks is the high cost of platinum. Ten years from now the major world use of platinum may be in automotive fuel cells. For further info on this, see last week's business week and also check out the investment Ford made this morning. This development makes it clear (at least to me) that the platinum numbers will be more important than the gold numbers. 4. My wife, who is generally fairly conservative, wants me to increase our position in Naxos. What does this mean? :) 5. For the Wolverines on the thread: I increase your number by 1 (MBA '87) Regards, Art