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


To: mark silvers who wrote (11067)3/26/1998 8:35:00 PM
From: ShoppinTheNet  Respond to of 20681
 
Mark it is easy we are all getting out at $4 3/4 so when it breaks through $4 7/8 the fuse on the rocket kicks in the after burners.



To: mark silvers who wrote (11067)3/26/1998 9:59:00 PM
From: SER  Respond to of 20681
 
Mark,

I think that $5 is a psychological barrier. Some one looking at the stock is going to see that we drooped from 10+ down to 1.5 (even though that was an error, I still see it on the charts).in the past 6 months. Over the past four months the stock has been steadily heading downward. A move to $5 will show upward swing catching investors attention.

I know I am a Red Sox fan an that probably clouds my vision but I believe that some investors have a thing about stocks with a value less then $5. I'm not sure but I think that the Motley Fools suggest never buying a stock under $5. Never mind buying a gold stock from Vancouver that your friends friend suggested that you buy because in two weeks it was...

I just think that some investors have a thing about $5 and seeing a 6 mount fall only makes matters worse. Since your are in the business I thought you might have a opinion on $5 being a base line for some investors?

chart4.bigcharts.com:80/report?r=cobrand&onbad=cobrandsymb&site=moneypages&symb=naxof&sid=43689&sec=c&xyz=11826844&s=23881

"May the numbers be with you"

SER