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Gold/Mining/Energy : American International Petroleum Corp
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To: DRRISK who wrote (9212)10/20/1998 9:42:00 AM
From: DRRISK  Read Replies (1) of 11888
 
Thread,

I think it is interesting that the AOLers would cast doubt on the efficacy of this story, whatever.

The trading yesterday had some highlights in that as the wake of this release grabbed hold a buyer "en bloc" emerged to acquire shares at 14:45 for 1 7/64 (taking them off the hands of what appeared to be SEAS out of Aspen) 28,500 shares while the stock was going up and trading at 3/16x7/32, so below the Bid. This same buyer came back to buy @ 1 13/64 another 29,300 shares at 14:52 while the trading was at 3/16x1/4 splitting the Bid and the Ask. So who is the mystery accumulator? We can infer that the price average of 5/32 is the shortterm accumulation price and my suspicion is that the accumulator may be DEAN (Dean Witter) IMHO, FWIW.

After these trades the price drifted down into the close with daytraders unburdening their shares and selling of 1k's and less taking the price down.

My point is that the bulk price for this stock has gone up in one week from 15/16 to 1 5/32. this represents a 23% increase for anyone who wants to accumulate a position.

Even the infamous RMCC joined the party briefly @ 1/8 to take some of the disgourging daytraders shares at 1/8, his first buys at these prices in weeks.

I say that the market action is forcasting something important and that is that news of financing is around the corner and that this interview signifies a more balanced perspective of GF not hyping the stock.

FWIW and IMHO only

DrRisk

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