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

To: J. M. Burr who wrote (7567)	1/3/1998 9:20:00 PM
From: Zeev Hed	Respond to of 9164

Tumbleweed, I said on this thread that I think at $2 aksef is a good "value Play", but I also said that I do not expect much from the January rally, maybe a bounce to 2-11/16 or a little higher. If it breaks $2, it could rapidly go down 25% from here, so I see no need to rush, particularly that the descent to $2 was not climactic and the recent rally to 2.25 was quite tepid, volume wise. I actually feel quite comfortable with 70% cash right now. Lot of Dry Ammunition. If Sand really wanted to buy more shares where were thay in the last few days? Zeev