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Gold/Mining/Energy : American International Petroleum Corp

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To: Sycamore who wrote (6903)1/22/1998 4:52:00 PM
From: Tim Gardner  Read Replies (1) of 11888
 
Today's selloff could be expected. I'm sure some investors are just too nervous to wait for the actual news. If the news is great they will feel horrible, if it's bad they will feel relieved. There will always be that percentage that won't stick it out. With news only a week or two away I can't blame them. If you can't afford to lose money then you shouldnt be in this stock -- period!! We all expect good results and if they come, $10 a share is only around the corner. I'm willing to take that bet. Worst case scenario if estimates are bad -- we drop to $2, if they are good we jump into the teens or higher. So we are weighing a 50% loss to a 150% to 300% gain in the short term. Those numbers sound great to me. If you have confidence in the concession area then waiting on this one is an easy decision.
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