Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mark silvers who wrote (8577)	1/26/1998 6:15:00 PM
From: GlobalMarine	Read Replies (1) \| Respond to of 20681

Mark: Different technicians have different time frames, and those with a longer-term time horizon would generally ignore shorter-term price fluctuations (but are always mindful that increased volatility often foreshadows market tops). My comment about buying at the offer and selling at the bid simply refers to the stock price an investor faces if he wishes to buy or sell shares. The price discovery mechanism for Naxos shares is relatively inefficient. For instance, there's a time delay to obtain quotes and fill orders, quotes are not always consistent from one broker to another, market makers can walk away from the bid or offer, no bid and offer lot sizes, and so forth. If we eventually move to an auction-based electronic market like the NYSE or AMEX, the price discovery mechanism should be more efficient. Rand