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

To: taxikid who wrote (5487)	12/1/1997 2:57:00 PM
From: Tim Gardner	Read Replies (1) \| Respond to of 11888

Taxi, I'm a trader by nature. I have always sat on an original position in AIPN and also traded much more through the ups and downs. In the original upswing i sold on the way back from 7 at around 6. Then picked it back up again at 4 1/2. I have made more than enough on this stock to cover my original position and then some. So I am not worried about any near term volatility in the stock. I have already decided to sit on what I have now well into next year. That's when the real payoff will come. I also don't want to get hit with any extra tax liability before the end of the year. I'm sure many investor's here are thinking the same thing. I think AIPN has a real good chance of hitting $40+ within the next year or two, but I have already decided my exit point will be around the $17 to $20 range. I think by middle of next year they can reach that target if the Chickaduk estimates come back favorably. Anyway, this stock has been a wonderous trading opportunity over the past few months and now it is time for the longs to collect their paycheck. Tim