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Strategies & Market Trends : Roger's 1998 Short Picks

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To: taxikid who wrote (9044)5/21/1998 11:14:00 AM
From: Joey Two-Cents  Read Replies (1) of 18691
 
I owned AIPN for a couple of days last year when it was 1/2 sold
for a nice profit, would have held longer if I knew it would go to $ 7 in a month. Last May insiders bought hundreds of thousands of shares for 1/8 and have been selling hundreds of thousands of shares
since October of last year. With oil @ $ 15 bbl and the oil field being in Kazakastan, and the insiders selling, and stock options being issued and financing needed (partner) to develop. I would say proceed with caution because this one sounds like the best days are behind them.
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