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

To: mark silvers who wrote (10845)	3/23/1998 2:38:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 20681

Mark, that's great news for NAXOF, and worst case extrapolation for IPM if necessary. I don't think that I specifically said the cost for not trading electronically other than to say that's why many would stay away. I know that electronic trading will bring market interest, investors and traders, raise daily volume, and provide more liquidity for the stock which aids price stability. There should be more MM's interested in working the stock, that will narrow the spreads and will draw more market interest. Since I follow Naxos, I will probably actively trade it now. I'm certain big money will view this favorably. Favorable usually means higher prices.

To: mark silvers who wrote (10845)	3/23/1998 2:40:00 PM
From: Jan A. Van Hummel	Read Replies (1) \| Respond to of 20681

Mark, I don't think electronic trading is necessarily worth a point or a fraction of a point. The best thing is it makes trading more transparent, it will shrink the spread and it will sharply reduce manipulation. Now, it will gives us an opportunity to trade in and out of the stock at a minimal cost and without the sour feeling of being had. My guess is that volume will go up as many will try to increase their holdings at a lower total cost. JMHO Jan