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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: DEER HUNTER who wrote (4020)	10/25/1997 7:07:00 AM
From: taxikid	Read Replies (1) \| Respond to of 11888

shorting a $5 stock is foolish EXCEPT in certain instances- i cite aklm and aipn as recent examples- bullish peaks propelled these stocks to 6 month{and all time highs respectfully} i have done nothing here but give sound advice to longs and shorts- backed by my now current track record in aipn taxi +++ wall st$0- i post trades the way i see them and a base according to basic chartists is a 4-7 week average- i would like to see that average in the marginable level- because future shorts will prevent the price from becoming overbought and thus at what is called market price- shorts could not get in before to make the chart bullish- as they cannot now- not to confuse but MM shorts do not count- {some here refer to them wrongly as "illegal" shorts} if we have a marginable level for 4+{most likely for 6 weeks- I will then most likely take a LONG position of 5-$50k and daytrade off the buying power of said position and HOLD aipn as a core- selling some off only when i feel that the stock is overbought- and then maybe even closing if we get to a plus 55% in a short time- depending on money flow and volume and of course that great undertow called buying pressure- in an extreme overbought or "top" I could then comfortably short knowing i had a 55% cushion- i may feel that extreme measures come at a lower gain or at a higher gain depending on price/vol/chart action- yes it is a lot of work- but it will keep me from making the wrong moves and keep my day trading equity marginable- and by not rushing in HERE i limit my downside risk exponentially- while the upward gain of 10% here is negligible- {thus taking most of the gamble out of the game and setting my account into a semi auto pilot pertaining to aipn-} if this is too much for you- sorry- and BTW what are you going to do? ride the rollercoaster in an unmarginable stock while the buying and trading opportunities available currently disappear into someone else's bank account? taxi