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Gold/Mining/Energy : American International Petroleum Corp

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To: Bryan who wrote (10248)5/20/1999 6:06:00 PM
From: Taylor Mill  Read Replies (1) of 11888
 
Bryan

"What is the short term target price for this company? Is this a good long term hold as well?"

You probably need to have several different perspectives on this, not only mine.

(1) No one knows a short term target --- absolutely no one. The price merely moves on "hype" or lack thereof --- not fundamental issues such as earnings, growth or even lack thereof.
(2) No one knows whether it is a good long term hold -- depends on whether there is any chance that any of the hype will come true. My opinion are that those chances are remote. Thus I don't believe in the long term hold.

What is pretty clear is that those who have held the stock for a long time have seen lots of dilution.

Those that have actively traded --- buying and selling with the ebb and flow of the hype have been able to make money. The CEO is the best example of that.

I suggest for a sincere perspective on the bullish side that the poster known as "RAY" respond --- he will provide a good overview for you that I could not <since I disagree with this view>

One other thing to watch out for is whether RMCC is "piggish" or not.
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