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Gold/Mining/Energy : American International Petroleum Corp
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To: MulhollandDrive who wrote (1252)8/12/1997 11:05:00 AM
From: Tom R. Clarksburg   of 11888
 
Hello out there. I agree with you Betty...your last post was reasonable :)

I disagree with the notion that this stock is under accumulation. There has been large blocks of stock traded in the past few few weeks, however, there seems to be an endless supply of stock!! Whoever the buyer is will just hold on to any future buying and allow the large seller to sell all it wants. I believe we are seeing that right now. There is a very large seller that continues to dump shares and lower and lower prices. So If I was the buyer I would hang around on sidelines and let the selling take its course. I have attached a 75% probability that AIPN will go down to 1.38BID before bouncing higher. But a attach a 10% probability that the stock gets down to $.50/share again. So if you are waiting for $.50/share ----FORGET IT!!! But a move down to $1.38 is a very real possibility, especially if AIPN does not release any more "potential recov. reserv" updates. I will be a large buyer at around $1.38-1.75.
TOM
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