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 : ABC - Abacan Resources, Nigerian Oil $$$ -- Ignore unavailable to you. Want to Upgrade?

To: Sam Lee who wrote (2441)	1/30/1999 12:51:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 3156

<Believers> "On the other hand a r/s and subsequent implosion would provide an opportunity for believers( individuals and institutions) to buy cheaper stock and average down." Others of us -- just call us <believers> - would average up by borrowing more expensive stock to enjoy the run down. "I hear that there are some astute oil types who are very optimistic about the blk 4 potential if it gets drilled." OTOH, I've heard some other astute oil types tell me the exact opposite... that they'd never touch this concession with a ten-foot barge pole. Since they lived in Nigeria for many years, know the concession well, and they work exclusively on international E&P developments, I take their precautions seriously. From their description, it sounds like this stock already has one foot in the grave. Hopefully, for the sake of ABACF longs, they'll be proven wrong, but I wouldn't bet on it. Razor