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

To: Tim Gardner who wrote (6906)	1/23/1998 11:04:00 AM
From: Sycamore	Read Replies (4) \| Respond to of 11888

"<<Worst case scenario if estimates are bad -- we drop to $2, if they are good we jump into the teens or higher. So we are weighing a 50% loss to a 150% to 300% gain in the short term.>>" Tim, We generally share the same belief on this stock. Though, mine is probably a little bit more on the optimistic side. Frankly, given that a good reserve numbers (3+ billions) are reported within the next few weeks, I see this stock doubling\tripling or even quadrudpling within weeks\months from here, and then possibly the latter doubling again as the story becomes more known and solid fundamentals are established on the stock within the next 6-12 months that follow. Hopefully for me I plan to take profits on 70-80% of my holding while the stock makes its climb in the $8-20 area. Though it is my intention to leave the remaining 20-30 percent behind for a long term hold depending on its future outlook at the time. As far as downside risk is concerned, I may also be a seller if the stock trades at $2.50-2.75 range. At which time I may decide to get out completely. Assuming that Dr Faris delivers what's expected, which I believe he will, guess later on it will not really matter much whether somebody pays 50 cents or 7 dollars per share. Everybody will have a chance to participate and make some real gains on this deal later. Meantime, let's hope that our CEO at the White House survives this mess. More power to us! regards, sycamore