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Gold/Mining/Energy : American International Petroleum Corp
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To: Sycamore who wrote (5453)11/30/1997 12:57:00 PM
From: Sycamore  Read Replies (1) of 11888
 
Here is a more plausible answer. Posted by Scottsmill

Subject: Re: aipn CAN THIS BE REAL?
Date: Sat, Nov 29, 1997 18:34 EST
From: SCOTTSMIL
Message-id: <19971129233401.SAA22186@ladder01.news.aol.com>

I'm not implying that it is necessarily true but it is not unusual for a major brokerage house not to buy inexpensive stocks,after all they don't want to be seen as non-conservative and too risk taking but are willing to buy when that same stock has a higher price and more people and firms are following.

Just think if Morgan Stanley bought aipn at 42 cents and it went under people would look to sue them for buying such speculative stock,If however they buy at 6.5 and after recommendations and stock goes under it doesn't seem as bad and as speculative a purchase. These companies must keep an air of respectability. I'm not saying this is the case here, but if I had to back into a reason maybe this is it.
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