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Gold/Mining/Energy : American International Petroleum Corp

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To: Thu Ra Tin who wrote (5613)12/4/1997 5:21:00 PM
From: NoMoney   of 11888
 
Thu Ra Tin,
Another likely reason for the price play is that the Big Boys, translated MM, may be sucking up shares through stop loss orders. I think we can all be pretty confident that there remains accumulation on this one. When I made my first purchase back in July PCFinancial, now dljDirect, was not making a market on this one. All buys subsequent to my first it was noted that they make a market in this security. Sold some in house shares to me.
We can be sure that when this baby pops the Big Money will make money. They shook alot of shares loose a few months back when we hit the concrete floor of about $2/share. Not long after we saw over $7/share. We will see much more with the recent developements. My guess is somewhere around $12-$14 with the release of more concrete data on reserves through Wavetech.
Hang on to those shares folks. If enough holders HOLD it will only make the price move up. If it goes down, buy the dips. IMHO.

Peace, NoMoney
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