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Gold/Mining/Energy : American International Petroleum Corp

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To: Juan Dominguez who wrote (2112)9/17/1997 8:48:00 PM
From: DEER HUNTER   of 11888
 
Good evening Juan - Where did all the naysayers go? Good question. I'm sure they are still lurking. What can they say? For the moment the bear case is gone. For what it's worth the daily on balance volume (OBV) has moved above the previous level set at price peak 3 3/8. Tomorrow the stock should move above 3 3/8 and get into stop loss buying (short covering). There has been a lot of quality buying going on lately which has been pointed out by Faris B.. Yesterdays last hour price break was most likely an attempt by the MM's to accumulate additional stock. It did not work since nobody was selling. In my opinion this stock is now set to make a new upside run. Tomorrow will be an interesting day. Keep in mind that this latest rally has taken place without news of a financial arrangement or an agreement with a partner. The market knows something.

Good luck to all the longs.

DEER HUNTER(Indiana)
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