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Gold/Mining/Energy : American International Petroleum Corp
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To: Terry W Weaver who wrote (3954)10/23/1997 3:18:00 PM
From: Zeev Hed  Read Replies (1) of 11888
 
Terry, like now, it was "air money". They did not lose if they held on for 18 months, or bought back during the next six months after the crash. They lost if they sold at the bottom and stayed out. No one made that money until equities recovered (and how) over the next 10 years. By the way, a number of specialists and MM went under in this debacle, and it could have been worst if the post crash financial markets were not managed superbly by Greenspan and few other "big money" guys.

Zeev
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