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Gold/Mining/Energy : American International Petroleum Corp

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To: DEER HUNTER who wrote (2076)	9/16/1997 10:34:00 PM
From: Buzz Mills	of 11888

DEERHUNTER (Pa.??) I watched them take it down--most of the loss was in the last 10 minutes; there were very few buyers--and there would be 6 or 7 trades, all at the low for the day, and then they would drop it another 1/32. If you can, look an intraday chart--very sharp decline at the end of the day. One thing I saw today, which I have seen before, is the MM dropping the Bid, but not the Ask, so the stock would then have a 3/32 spread. That discourages Buyers from coming in, especially when a stock is falling--they have already taken out all of the Buys at the Ask level, so when they drop only the Bid there aren't any new Buyers lined up, only sellers. Hoping for another news release this week. Buzz

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