Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: taxikid who wrote (6015)	12/22/1997 11:27:00 PM
From: Juan Dominguez	Read Replies (2) \| Respond to of 11888

A couple of things you continue to be confused over: your client better be well heeled and able to absorb a hit like that.. the si'ers i know.. for the most part don't want to or have 100k cash to dump and wait and hold on a stock like aipn.. You continue to forget the general premise to having a diversified portfolio of stocks. That client has 12 other stocks in his portfolio, so although he is down 7% on an avg. cost basis on AIPN stock he is up over 13% in the overall portfolio in the first 2 months. Thats what diversification does for you. Surely AIPN could not be the only stock all Si'ers have in their own portfolio. That would not be a wise thing to do with this and all stocks. Taxi, as I said before. I have absolutely no problems with your short term trading strategy. I am not critical of your style, but just trying to tell you that short term trading is not the only way to make money in the market...thats it, no offense. Here is another one of your gems: in stating this you admit that you are playing with dog stocks "professionally".. also the disclaimer is that you are playing with insignificant amouts of their money.. the inference is compliance with the fiduciary relationship implied by being a licensed broker/ dealer. AIPN, or others like it are not dog stocks. They are speculative, but you must understand, speculative does have to mean Las Vegas type gambling. There are ways to research this and other stocks without speaking with an IR like Mill or the company's president. I have spent 8 years as a securities analyst at Gabelli & Co. and Ivy Management, and while tenured you tend to develop contacts in all industries, through analyst meetings in the NY Society of Securities Analysts, industry and sector conferences, etc. I've also developed contacts that could do background checks on anyone in the US. These are all ways of making sure that your investment or potential investment is sound. So please, don't call AIPN a "dog" stock. From the above statement, you seem to think I am a broker. I am not and I repeat, am not a broker. I am a money manager AKA investment manager. Ever heard on Julian Robertson, Mario Gabelli, Peter Lynch, Warren Buffet, Mark Mobius, John Templeton, Matthew Price, Heiko Theme, George Soros, Marti Zwieg, Ralph Alcampura etc ???? If not, I'll give you a hint, they are all money managers AKA investment managers. They are not brokers and neither am I. Broker/dealers are always on the "sell side", Everyone I've named above, including, myself are on the "buy side" of the business..big difference. Here is another one: o they come to gamble with old juan.. because these significantly wealthy individuals "don't want blue chips" They don't gamble with old Juan, they diversify with him. As I said before, they have 5% of their total investment allocated to high risk/ speculative stocks, thats where I come in. They cannot invest more than 5% of their total investment funds with me, that my rules. I will give you a sample portfolio: 40% US blue chips 20% Foreign blue chips 10% Emerging markets 10% US corporate paper 10% Foreign paper 5% high risk, speculative 5% cash (Note: I just manage the high risk portion, other managers handle the rest) I hope this clarified my position. You should not feel so threatened by Mr. White Shoes, we are are all here to make money. You should learn to relax and be happy, after all the holidays are here. I will not say anymore. I will let the stock do the talking for me, from now on. Happy holidays Regards to all Juan