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

To: SER who wrote (9222)	2/21/1998 11:45:00 AM
From: jlallen	Respond to of 20681

SER: I think it is pretty clear that as long as Naxos trades on the BB we are at the mercy of the MM's. JLA

To: SER who wrote (9222)	2/21/1998 1:29:00 PM
From: Ed Huang	Respond to of 20681

SER, I think there are two possibilities for the bid and ask question. (1)The quotes after the market close are not accurate. This needs to be confirmed on Monday open. (2) Yesterday's spike was a weak spike at the close. Price will fall back down quickly(we hope it's not the case). One important thing we want to see is the prices move in higher high and higher low(uptrending) but not lower high and lower low. The latter could mean we need to reevaluate the good news we are getting. JMHO. For the record, I scaled down my share position by a half last month when it traded at around $8 and I'm trying to see what to do next. I am hoping Naxos will do well. "May the numbers be with you."