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Gold/Mining/Energy : American International Petroleum Corp

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To: R Hamilton who wrote (5945)12/19/1997 2:38:00 AM
From: Laserbones  Read Replies (1) of 11888
 
Rhonda, nothing has changed in terms of my expectations for aipn. Below 3.5 was a definite buy. I do think the stock will maintain the current trading range. Dips below 3 while news is in this holding pattern--and lets face it, there has not been any price moving news for a long time--wouldn't shock me. Nothing about this stock shocks me. There is absolutely no reason for a support level at 5 to be maintained.

It's also tough to judge support right now. It will be interesting to see how the stock trades through Jan without additional news. I don't think any serious news can be expected for the next 2 months. No need to rush in any buy orders. If your long what's another 2-3 months? <BG>

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