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Gold/Mining/Energy : American International Petroleum Corp

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To: Sycamore who wrote (6239)1/4/1998 3:44:00 PM
From: taxikid  Read Replies (1) of 11888
 
<< 3 7/16 to 5=45% increase in price>>>
what does the margined decrease from $5 1/2 to $3 1/2 =?
somewhere around 70% loss, right?
so even if one holds, what is one's gain? none..
just pay margin to pray for black rain..
this stock is one that should be purchased in a small quantity and held..never to be looked at.. if it goes to 0, you didn't need that money anyway.. if it goes to $50 then you are a genius.. to hold a big position in this stock.. and margin against it is dangerous to say the least.. mr bossey told me{remember i called him} it was marginable above $4 and he could open an account for me....
it was $4 7/8 then.. would be killed if i did..
best of luck..
taxi
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