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

To: Zeev Hed who wrote (7557)	1/2/1998 8:49:00 PM
From: John A. Paul	Respond to of 9164

Zeev: The one thing that I may have learned in the several years that I have bought and sold this stock is to take the profits a little at a time. I will be tempted to sell at anything above 3 if things start to sag without a contract. Then I will wait on the sidelines to buy back in after the umpteenth disappointment sag sets in. It appears to be the only way to handle this stock. Sure beats the fear that I could possibly be out when the big raise in price appears. Remember last December (96), when the partners were announced and the stock hit $6 in anticipation? I was out of town and couldn't really tell what the reaction was. Consequently, I held until after the first of the year. One reason I am currently optimistic is that we have been sub 3 for only one month (since 11/25). I just see the January buying, combining with the pipeline contract (either rumored or real) as carying us slowly upward maybe as high as 3.6 (the October price). But that is just my prediction based on looking at the price fluctuation over the past year. Let's see what happens. JP