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Gold/Mining/Energy : American International Petroleum Corp

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To: sand wedge who wrote (6248)1/4/1998 5:14:00 PM
From: Laserbones  Read Replies (1) of 11888
 
Sand Wedge, that is exactly right. The tough questions must be asked and not ignored. This company has some serious hurdles to get over. We will probably see more dilution as cash is needed. This is a high risk stock that has potential, but it's not going to make anybody rich in the near future. That is were the frustration of the permabulls comes from. They were just so sure it was heading into double digits, but instead it's given back almost half of it's run to 7--more on certain days.

Permabulls posted that they had 100K shares and more. They posted buys of 20K batches in the 5s and 6s. I can understand why they are so frustrated. If I had seen my holding drop like that I'd be pissed too.

Mario, Sycamore, Geneat, and a few others are unable to look at the stock for what it really is. A risky play that should only take up single digits of a portfolio. There will be plenty of opportunities to buy in if the stock makes a real move on news. This stock demands patience, not emotional support.

Greg
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