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Gold/Mining/Energy : American International Petroleum Corp

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To: DEER HUNTER who wrote (9477)2/10/1999 11:24:00 AM
From: DRRISK  Read Replies (2) of 11888
 
DH,
I see in the market that TNTO ISLD and NITE are looking to take this lower by all piling on the ask. If this is the Hunts then they have large bid orders on ISLAND at 1.00 for 73k and 1 1/32 for 12k.

FWIW and IMHO: I see a short squeeze coming because if the HUNTS are trying to take this down to cover a potential release of positive news like Financing and maybe Chag then the time to cover for them is now not when the news comes out. They can panic the stk because of the artificial $1.00 support and cover if they are net short. They would be net short because they believe that GF will not deliver the money, albiet a historically good bet. This is a mean end game and could go either way. I am betting on the OIL. The piggy back greedy shorters are naked with the HUNTS and that is what would cause a squeeze. TNTO has been silent until today. Two ECN's ISLD and NITE could team up to take this down prior to a news release. Nonetheless. GF has set this misery in motion not the HUNTS. He and DF are the only ones to blame for this.

DrRisk strictly FWIW and IMHO

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