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 (7689)	3/12/1998 8:30:00 AM
From: DRRISK	Read Replies (1) \| Respond to of 11888

Thread, This pattern we have all seen several times before. I know I am the PermaBull and all that, but you know you have seen this pattern before also. The dragged out News, the sell off on margin pressure by weak hands, and then the news and a roll with news. The refinery,other potential deals that the Company is leveraging their concession to get, put a better floor under this stock then the market realizes. The news on the Refinery caused a sell off because the street sees it as a stalling tactic. As well it might be but it also means revenues to a company that desperately needs them. I predict that the flush out we got over the past week on margin holders is over with the volume yesterday and we get nothing but bounce from here, with maybe one more dip early today to scare the crap out of all of us. Anyway this is what my instinct tells me on this baby. FWIW I agree that Oil prices are not to be ignored but the negative news on this front seems overdone at this point. IMO the powers that be are not going to let the price slip too much more and the engines of summer are going to get an early start. Good Luck All DrRisk