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Gold/Mining/Energy : American International Petroleum Corp
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To: Sergio H who wrote (764)7/27/1997 6:21:00 PM
From: Teddy   of 11888
 
Dear Mr. Sergio,

I do not own ant any AIPN stock, nor do i plan to buy any. I first learned of the company when it jumped to 15/16 on a Friday. I had ample oppotortunity to get in at $1.20 on Monday and would have most certinally sold for 100% profit the next day. The only reason that i read this thread is my hope of catching the next next one.
I read in the Wall Street Urinal about how the Institutonal Investors made millions on Bre-X by buying in at the beginning and selling part of their holdings as the price climed. One Investor was quoted: "We all knew that even if their (Bre-X's) claims were true the stock was only worth $12, but we rode the momentum. Even though we had some worthless shares in the end, we realized over 1500% gain."
I don't think that most people owning AIPN care if there is any oil, just that the stock goes up.

Sergio, i have learned a lot from the others on this thread and hope to get the next Bre-X or AIPN. Your FA is fine for normal companies that have a real history, this type of stock is for traders that care nothing for long term earnings or real valuations. It is a trader's dream!

Although i do not own any of this stock, my prediction is that it will hit $6.00 before returning to $1/4. Plenty of money to be made buying on Monday.

Best wishes to all who are playing this one, hope to join you on the next 300% in one week stock.
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