ARAKIS: HIGH RISK OIL PLAY (AKSEF) Message Board

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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: Edward M. Zettlemoyer who wrote (7630)	1/15/1998 7:58:00 AM
From: John A. Paul	Read Replies (1) of 9164

Ed: For what it might be worth, I agree with you and Larry and got out again yesterday at 2 3/8. Now, obviously I have been wrong in the past and the increase in price yesterday with little volume was a bit encouraging, but I saw the chance to jump. It would seem to me that, lacking any significant news, the price will begin to drift again and may bottom around 1 5/8. At least that is where I will look to jump back in again. The current lack of volume, following the contracts, makes me pesimistic. I will be looking for an analysis by Zeev. JP

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