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Gold/Mining/Energy : American International Petroleum Corp

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To: drsvelte who wrote (4187)	10/27/1997 2:48:00 PM
From: Zeev Hed	Read Replies (1) of 11888

drsvelte: Unfortunately, the troubles are going to be deeper than that. I am now turning bearish (my line in the sand was 7600 and it breached with vengence). I ca see us as low as 6200 and poossibly worse by the end of the year. Get out on any DCB is my strategy. Luckily I have been more than 50% in cash for the last three weeks, but this morning, thinking that the line in the sand will hold (and it bounced a little from it) I put two orders in (ASND and CS) and I'll be out of these beforre this week is out. We are in a world crash situation and tonight when the Nikeei finally gives way at 17,000 for good (and H-K gives away 10,000) we will see a bad domino effect. Banks in Japan have bever written off the huge losses they have, now they will have to. This will bring pressure on the treasuries which the japanese will have to sell to reliquify. Thingsd do not look that good right now. Zeev

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