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


To: mfgrep who wrote (11958)4/17/1998 3:54:00 PM
From: Stoopid  Read Replies (3) | Respond to of 20681
 
FWIW: I do not belive that Jimmy or Matt are dumping stock. There just has not been enough volume to confirm that. The selling has been thoroughly unprofessional, put in at mkt, while the buying is obviously pros, via limit orders.

This is NOT the time to sell. If you're speccing on being able to rebuy at $1.50, good luck to you. Anything's possible. Having spoken to many people, on both sides of of the mgmt dispute, there is only one thing upon which they agree -- Franklin Lakes is the real thing. Whether .2 oz/t or ten times that -- it works.

I would accumulate at current levels. Buy heavily at 2 1/4 or if it never gets there buy aggressively up to 5 on a turnaround. Check my past posts against historical prices and you'll find I'm batting close to 1.000.

One more point: the stock price (in the short term) does not reflect on mgmt any more than Jimmy et al were responsible for price drops before the change. This is a spec stock and should be bought only as such...



To: mfgrep who wrote (11958)4/17/1998 11:36:00 PM
From: jlallen  Respond to of 20681
 
I have no idea. Call IR. JLA