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


To: DEER HUNTER who wrote (10301)5/23/1999 12:08:00 PM
From: DRRISK  Read Replies (1) | Respond to of 11888
 
DH,

It does amaze me how otherwise seemingly intelligent people can be drawn into some hysterical response to this stock. I do not exclude myself from this group. I have, however, repeatedly stated over the past year that this issue is going to go one of two places for me, to zero which I doubt, or to 10 where I will likely exit my long position.

Now how such a stark realistic assessment of the likely future of this company can be construed as some form of denial truly bewilders me. The need to pound a realistic permabull on the stock never fails to astound me.

The source of these attacks and their motives are certainly poorly defined and IMHO are the worst forms of "dot connecting" I have ever seen on either AOL,SI,or Yahoo on any of the many stocks that I follow. These kinds of hyberbolic negativism and sheer manipulative fact connecting have no place in a thread already ripe with frustration. I have no issue with presenting the facts just the spin that these spinmeisters seem obligated to ascribe to them.

If anyone doubts that one of the chief risks to AIPN right now is a hostile takeover they are very niave. The stock is grossly undervalued and any change in the future of the company from deals that could occur place it in significant threat. This is not an explanation of the proxey issue for increase of shares to 200 million but a simple understanding of the "possible" upside that is present in the Kaz concession. The company can not be reasonably viewed as worth only a $70-80 million dollar mkt cap if any of the Kaz concession materializes. The refinery on an optimistic basis could justify this valuation.

So I remain a permabull who will not go away until the facts prove otherwise. Certainly nothing the gloom and doom spinmeisters have posted to date has changed that view.

DrRisk