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

To: Zeev Hed who wrote (4198)	10/27/1997 4:35:00 PM
From: qdog	Read Replies (2) \| Respond to of 11888

Zeev I disagree with your notion that we are leading here. We are following. The Asia markets have been in trouble most of the year and Hong Kong is the leader right now. US equity is following and not leading. Today was a 7% drop, hardly a meltdown of say '29 or '87 magnitude, which both were over 20%. As to AIPN, you could make a case of declining oil prices in the future. Reason being, now that all this wealth was lost in Asia, there won't be this increasing demand that has prop the price of crude up and made downstream profits so strong lately. IF Asian markets were to recover in a couple of month's, then the scenario of increase consumption would still be in play.

To: Zeev Hed who wrote (4198)	10/27/1997 5:22:00 PM
From: Geneat	Respond to of 11888

Zeev: I agree that AIPN is probably ok regardless of what happens to the broad market (whistling Yankee Doodle off key with a dry mouth). I have predicted in other places for many months the coming further disaster of the Japanese market (their banks, corruption, raising taxes, practicing extreme mercantilism, etc, etc). I think Nikkei will see 8000 or lower before it is over. And, like you, cannot really see how their debacle can fail to have terrible effects here. Well, at least we are not invested directly there! Hope we're wrong. Geneat