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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: roguedolphin who wrote (54525)12/5/2005 8:15:38 PM
From: Ed Ajootian  Read Replies (3) of 206307
 
AEN -- I personally think you gotta be nuts to be buying this stock right now, and I own a ton of it and am very positive about it for the long term. The stock is down significantly this year, one of the few in the entire E&P universe that can make that statement. Energy investors have been taking gains on their other stocks all year, and are voraciously sifting through their portfolios as we speak, looking for anything that is down and blowing it out at any price they can get, so they can avoid having to come up with all that cash for Uncle Sam.

So my point is, why buy this turkey now when you almost certainly will be able to get it for a better price in a few weeks? There are no field developments that are due to come out for at least 2 weeks.
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