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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (20894)9/23/2000 8:49:07 AM
From: Montecristo No.2Read Replies (1) of 118717
 
Good morning Dale and JSB. Thanks for the portfolio update.
I am slowly accumulating AIGI. If it goes to $0.50 I will buy more. This will belong in the very speculative portion of my portfolio (thanks JSB, I am in for the ride largely on your recommendation).
I remember several years back reading an article on Worth about highly speculative plays. One of them was a little company with rights to huge proven oil reserves in Sudan.
The problem was that it had to built a pipeline to get the oil out and there was civil war in Sudan at the time so there were concerns that the pipeline would get blown up from time to time. I believe the Co.'s name was Annandarko and it went from $0.50 to $25. Of course, greedy as I am, I would have held for further gains and watched it go back to $5.00 when Saudi financing fell through.
FWIW, I think AIGI is worth a spin of the wheel.
Have a good weekend all,
mc2
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