SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : American International Petroleum Corp

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MARIO PASQUA who wrote (4841)11/8/1997 6:33:00 PM
From: Sycamore  Read Replies (3) of 11888
 
Mario, Thanks again for the effort. With people like Greg predicting that the stock will be down significantly on Monday because of bad earning report (give me a break) and Zeev prognosticating that the market will repeat its precipitous drop on the DOW of last October this coming week, Bouhafa's email (I must say he's doing a superb job) is mostly needed to balance the pessimism and to put things in perspective.

Zeev: What is your rationale for that? You don't really believe the big drop will happen don't you. Otherwise, you would have bought some SPX put as Mario has indicated. The fact that you didn't tells me you have a weak conviction about it. Am I wrong or am I right? Anyway, you appear to me as a very savvy investor so I'm assuming you sold AIPN for a big profit. Hey, if you make money on it that's all that matters. If you're happy, I am as well. After all we're here to "WIN." But, I still think you should come back soon.

My guess is irrespective of what the DOW does next week, unless the drop is realy that severe, AIPN will trade independently on its own. This little puppy could go down a little, but as more favorable news are released it should end the week a lot higher.

Finally, if what DRRISK is suggesting about the news concerning "probable oil reserve" being changed from 1 billion to 5 billion barrels is announced next week, my hunch tells me he could be very close, then who knows where this stock will be in a few days, weeks or even months from now. Since the company is in the news binge lately, it is not unreasonable to expect that the "royalty agreement" will be announced shortly, only to be followed by the "JV agreement" a few days/weeks later. Folks, all things being equal, this stock could go wild! sycamore
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext