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

To: Laserbones who wrote (5923)	12/18/1997 5:41:00 PM
From: R Hamilton	Read Replies (2) \| Respond to of 11888

greg...here's an excerpt from a post you made back the first of nov. good call on item #1. was hoping to see #2 before the end of december......but, guess the kids will just go without christmas presents this year<G>... >>>>AIPN: Here are my price targets depending on the situation: 1) No JV in next three months: Trading range 3 to 6.5. Any move below 3.5 I'll buy. Sell above 4.5. 2) Positive news about reserves from data: Stock will move above 10. I will not buy above 10 in this situation and would place a stop. 3) JV signed in 50 to 100 million range. Stock trades from 7 to 12. If only part of concession is involved I'd still accumulate even at 10. 4) Major JV signed I'll immediately sell majority of my shares. Price...anyone's guess. I don't see a large JV getting inked unless aipn can step up to the plate with some serious data on what's there. Strongest bargaining chip is successful wells. In all four situations, the stock is going to be extremely volatile and there will be numerous opportunities to buy more shares. I have a long term position as a hedge in case a large deal is suddenly struck. I'm comfortable enough with the stocks support at present to maintain this posture. <<<<<<<<< rhonda