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

To: R Hamilton who wrote (5177)	11/20/1997 2:16:00 PM
From: taxikid	Respond to of 11888

i don't know if this is a bottom but we have now see an average price of betweeen- 4 3/8 to 5 1/8 as a normal trading range-this appears to be the current trend- I have said in the past i would not be a big buy/hold accumulator UNTIL we based above $5- not happening YET- but still waiting...watching... i didn't mind "missing" the last little run up-to around $5- realize noiw we have a ceiling for overhead resist- many people are underwater@ 6s and 7s- they will be sellers as their trading/investing capital returns to them{if in fact it does} regarda taxi

To: R Hamilton who wrote (5177)	11/20/1997 3:58:00 PM
From: Laserbones	Respond to of 11888

Rhonda, I don't know if the door to low 3s is going to open any time soon. After that awful 10Q, I thought the stock would drop a full point from 5 to 4. Instead, it waited until Tuesday to scrub a half point--I would consider a 10% drop significant from a trader's view--seems to be a number of traders on the thread. I think that if no real news occurs soon, many of those overenthusiastic longs are going to either need a sedative (wanted to write s-e-d-a-g-i-v-e aka "Young Frankenstein") or they'll start dumping before end of year to offset any capital gains they stumbled into this year <sly grin>. A PSA is not the kind of news I'd expect to move the stock. This has to be a given. If aipn can't get that then this is all one huge swim in the moot pond. BUT I strongly believe that the PSA will not be any problem and will get announced soon--at which point I will say: "So what? What's next?" If the stock does slide below 4 as volume declines it still won't affect my position. I think there is oil somewhere in this concession and at some point in time the stock will reflect this. I just don't think its close to happening yet. And with these large announcements hitting the wires lately about money flowing into Kasakhstan, I can see an argument that is very bullish for aipn here. There are more than just a couple major oil cos with healthy cash reserves. If at some point in time solid data indicates that aipn does have 10 figure reserves and considering the money that's been mentioned in these other deals to date--Look out! In the mean time I don't care too much about the trading range. It's going to jump around--although you're right it's real tight at present. Nothing wrong in taking some money out of aipn right now and putting it elsewhere. The stock is dead money for now. Greg