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


To: MARIO PASQUA who wrote (4549)11/1/1997 5:23:00 PM
From: Laserbones  Respond to of 11888
 
Okay, Mario, it looks as though things might quiet down between us. Putting our play aside:

That was not the doom and gloom 10. But those are facts as things stand right now. But where these facts may finally lead is a completely different story.

I presently have a position. My entry points are in the mid to high 4s and run up to even 6. I traded the company initially as it crossed the margin line and took those profits and dumped them into the stock along with some additional cash I had burning a hole in an online trade account.

You, Mario, have a far greater stomach for putting cash into what is in my opinion, a high risk/potential high reward stock. I treat these cos with high scrutiny.

I have posted this before, and I will do so for you again:

I am of the opinion that aipn's concession will be proven for commercial quantities of oil. I also think that the "silence" is a very bullish indicator. If the co was dumping BS releases every week I'd cut loose. But they haven't which I think is consistent with a co in the throes of negotiations. But where I do diverge from many is in the nature of the JV--if and when it happens. I see nothing wrong with aipn getting a partnership that also provides cash to help continue the exploratory process. I don't need a sudden jump to 20 or higher. I'd be happy with a return to 7s and a basing in the 6 to 8 range.

If there really are billions of barrels over there, there will be a point--or at least I'd expect there will be a point in time--when the stock price reflects this.

I invest to make money. I want to see aipn make me some decent cash. If you don't like my stance on the stock, so be it. I will not attack you because of a difference in opinion. I will post back if you try to use something as silly as a profile to evaluate me.

One more thing, Mario...I have never posted that anyone should either buy or sell aipn. You made such posts when the stock was above six. You said: "BUY NOW." You may not like me or my posts, but there is not any one who is presently sitting on a paper loss because of over enthusiasm on my part.

Remember, I was one of the individuals who jumped on anyone suddenly crying "SHORT THIS SUCKER!"

Halloween overindulgence aside...I wish you the best with your investment.

Greg