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

To: Tom Frederick who wrote (10485)	3/18/1998 12:34:00 PM
From: Richard Mazzarella	Respond to of 20681

Tom, <<If you don't BELIEVE in where Naxos wants to go, AND see the POTENTIAL in the facts of the news releases, why would anyone buy this stock?>> That's easy, because others do. You eventually sell to them. There is much more to the market than fundamentals. Some people trade stocks with charts that don't have the foggiest idea what a company does. Loving a stock doesn't make the price rise unless one has lots of extra money. It's others that appreciate a stock. The following are some musings (BS) on speculation since you mentioned it: IMO you have accurately portrayed the speculative nature of this stock. That's why it's only speculation money that should be buying. Speculation is speculation, not fact. We extrapolate and interpolate information, that's what is required for reasoning with speculation. Facts may or may not support our speculation and it's always a work in progress. The stock will be $100 when many facts have been proved. Speculation requires guesses. Guesses may be right or wrong. The beauty of a thread that respects all input, guesses, right, or wrong is that the collective wisdom of many others get a chance to test and respond to the information. That's called peer review. That's why I almost never use private email for stock communication, it doesn't have the collective value for peer review. I have never cared for the obnoxious behavior by Hungry Lion, but found him to be as credible as many others that speculate in the positive. Diversity makes us stronger and more confident. As long as this stock is speculative, guesses are always allowed IMO.