Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: KRosenfeld who wrote (13007)	5/18/1998 5:16:00 PM
From: go4it	Respond to of 20681

Ken, the last 144 filed was in April for the sale of 5,000 shares at $5 but this is delayed reporting. I don't believe that there is any way of telling insider trading on a day by day basis.

To: KRosenfeld who wrote (13007)	5/18/1998 5:23:00 PM
From: Jim	Read Replies (2) \| Respond to of 20681

Mark, Where are you pal, I think we all could use those pom poms right about now. What the hell happened today ? I hope my misfortune this weekend hasn't continued into today and rubbed off on Naxos. My wife (8 months pregnant) and I were attending a friend's wedding this weekend out in the Berkshires. We had a little time to kill prior to the event so we decided to take a "quick" side trip up to the summit of Mt. Greylock. Unfortunately, the car decided that it didn't want to cooperate and we found ourselves "stranded" half way to the top. Now, picture my wife at 8 months pregnant on a hot day with may flies on the attack and waiting for the AAA tow truck to arrive. You can't take refuge from the flies in the car. Sure, you could get the windows up, but with no A/C you'd roast. Sooo, here's my wife waddling back and forth up the side of Mt. Greylock dodging the onslaught of flies...not a pretty sight. And of course, it was all my fault. We eventually did make it to the wedding, but are still unsure of our car's fate. Yep, between the hotel accomodations, gift, rental car, to die for maternity dress that my wife "needed" for the wedding and the car repair bill I guess this will end up being about the most expensive wedding that I have ever attended ! Sorry to ramble, I guess you just had to be there... Then today I come back to read the latest press release. Not bad I thought, then WHAM - the stock slides into the toilet...what gives ? I hope this has all just been a really bad dream and I will be waking up at the AGM surrounded by all of you loyal Naxonians waving smelling salts under my nose and stating: "Gee Jim, we thought we lost you there for a minute. After Russ told us that Goldman Sachs was going to rank us as their #1 growth stock selection of the next decade you just blacked out and dropped to the floor". Oh well, how much worse can it get right ??? Have a good day all :) Jim p.s. Did the Bulls win too ?

To: KRosenfeld who wrote (13007)	5/19/1998 9:18:00 AM
From: Jerry in Omaha	Read Replies (1) \| Respond to of 20681

Mr. Rosenfeld, <<Is there a way to determine if today's selling is insider selling?>> Not sure about that, but I can confirm that there has been some insider buying, FWIW, and intentions to buy more today. A few of us "internet insiders" bought yesterday. Maybe we'll buy some more too. I have an, "Oh, well...what the hell" attitude and I'm in again, tho a mere pittance, today if only for that brass ring of buying at the bottom. On this thread I have described our current situation using two terms; management and operations. As far as I am able to determine this selling activity is not reflective of the steady progress we are making in the successful performance of the physical process of resource determination. One would expect the price to rise on the news that we are ahead of schedule. Neither is the selling a consequence of struggle and infighting as the company's management is restructured within a cocoon of sorts. From my vantage point I see no signs or signals of any conflict serious enough to justify such selling. I tend to agree with assessments of the other members of the thread regarding other reasons. Mr. Mazzarella points out that we need to bounce off the bottom and not linger. I agree; lingering would not be good. Jerard P