Recent DESY-HERA data on J/Psi elasticity distribution show that it merges
mostly as a fast particle. Interpreting photoproduction as a collision betw
een a pre-formed charmed hadron and the proton, the outcoming J/Psi is a le
ading particle of the collision. We analyse these data using a model formul
ated to describe energy flow in hadron-hadron reactions. The measured J/Psi
spectrum call be successfully described in terms of this model. We conclud
e that the observed transparency of the charmed hadron-proton collisions ar
ises because of the particularly small gluonic content of the initial c - (
c) over bar state.