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Gold/Mining/Energy : American International Petroleum Corp

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To: Eric123 who wrote (9236)	11/4/1998 8:50:00 AM
From: DRRISK	Read Replies (1) of 11888

Thread, The stock has had a nice bounce from $1.00, thank God. We are trading on rumor and momentum for now with several MM's having taken some small positions in the $1-$2 range the biggest of which, I regret to say, is still RMCC. Well other then their presence I have seen USCT and NFSC trading the stock as well. RMCC has typically sold shares in the AM and accumulated more on weakness supporting the BID at those times of weakness. He is clearly "taking money off the table" and will continue to do so, he likes to trade this stock and make money. However, his selling, whether for himself or clients, is still very miniscule for now compared to his total position. So he is expecting higher prices or I am a bigger moron then I thought. The emergence of Dean Witter a subsidiary of Morgan Stanley is a ray of hope to take this "Penny Stock Perspective" to the next level. So long as we have RMCC as the AXE on this stock we will forever be relegated to the wasteland of "penny stockdumb". Dean Witter has taken a steady and significant position and that is promising. Call them and ask them what they think (212-392-3790). So other then the above this stock has been rediscovered by the Big Mo players and the traders that is what is fueling our rise. It is trading folks not institutional buying that is making the price go up. But traders are the smartest on the street, but unfortunately also very profit minded. So we are going higher for now IMHO, FWIW because we have Momentum. Don't fight the trend. This is when it gets tricky though because their will be major dumping at $3.00. The issue is if the volume holds and we get a real MM helping the stock, look out, and adios RMCC. The $3.00 level is when the stock becomes marginable again, when the traders say "the pigs get slaughter" and when RMCC says "take some money off the table" and I pull my hair out. The only hint as to who might fund this band of merry men from the market is Morgan Stanley as far as I can tell. But this is likely wrong and only a guess from the fact that DEAN is accumulating. All the above FWIW and of course IMHO. DrRisk Oink Oink

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