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

To: soxan who wrote (12809)	5/13/1998 1:06:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

soxan, I am by nature not a short term trader when it comes to equities. I tend to look for longer term equities and don't sell short. I also believe, as you have stated, that Naxos has the gold and there is a risk to not being in the stock. That said, the stock does appear to have found support. Considering your view I would maintain my core position and by some additional shares for trading purposes. But it will be important to be disciplined with those shares. If the current support does not hold it would be tempting to just add them to the investment account but this would be intellectually dishonest. If you are going to use a portion of your funds for short term trading it is important to use the proper discipline and keep the two different blocks clearly segregated in your thinking. Henry

To: soxan who wrote (12809)	5/13/1998 2:42:00 PM
From: jlallen	Read Replies (2) \| Respond to of 20681

Why do you guess we've hit bottom? Also, a point to ponder, who's doing the buying? Is is possible someone is accumulating a position? It would be nasty after all these years in this stock to wake up some morning in the near future to a 13(d) filing and a subsequent tender offer at $5.00. We need a financial partner, ASAP. My guess is that it is probably too late for short term trading in the stock. If and when it does begin to move, my guess is that it will move up and smartly but also with great volatility. JLA