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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF) -- Ignore unavailable to you. Want to Upgrade?

To: Edward M. Zettlemoyer who wrote (7357)	11/29/1997 6:34:00 AM
From: Amadeo Mendez-Vigo	Read Replies (1) \| Respond to of 9164

You could buy the stock back "After 30 days"

To: Edward M. Zettlemoyer who wrote (7357)	11/29/1997 8:07:00 AM
From: Marantz	Respond to of 9164

Edward M, I'm like you. I'm scared to death that if I give up my long position in Arakis, the stock will take off without me. Of course it is just that mind set that has me looking at a paper loss right now. Nevertheless, if Arakis is still doing business in Sudan two years from now, the stock price will be far enough above $3 that we will all agree that the ride was worth the pain. As Amadeo Mendez-Vigo previously stated, the time frame for selling and repurchasing is 30 days. An investor could sell and buy back 30 days later, or alternatively double up (buy more) and then sell half 30 days later. The second way keeps you in so the stock doesn't take off without you. The danger is that you have twice the exposure to a stock that has been sliding. Good luck to you and to all. Marantz