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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 (7644)	1/16/1998 12:21:00 PM
From: Alan Wojtalik	Read Replies (3) \| Respond to of 9164

Hi Zeev, The only reason I say $4 is the tops is because within the last year we have seen it near $4 several times on "good news", and never broke through. I agree that $3 looks like a good overhead resistance point, and it would probably go higher if it broke through. But how much higher would you expect it to go? Unless the good news is a completed pipeline and flowing oil, I don't think increased reserves will mean a whole lot to the people looking at AKSEF. There are still a lot of people who believe that they will never pump a drop of oil (I am not among them). I believe the fields have good potential as well, however, I have less confidence in AKSEF. Someone will eventually pump this oil, I just hope we shareholders benefit. I view this as a speculative stock, with the hopes that someday AKSEF will shine. But as such, I don't have a very large position, and am thinking about trading around my core position until they start pumping oil. So no, I won't panic and sell if it drops significantly below $1. I will probably buy more to trade with. I have thought to visit your treatment center from time to time though! Regards, Alan