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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: Hunter who wrote (8121)	4/3/1998 8:23:00 AM
From: DRRISK	Read Replies (1) \| Respond to of 11888

Hunter, I tend to agree that the warrants might be extended, BUT there is IMHO news on the Monday call that might allow GF to call them now at 5-6 and allow a profit and money to come into the Company. This would be Solemn like, BUT the likes of the HUNTS and other highly sophisticated players are looking for the Arbitrage opportunity to make a quick buck. How I see the last three days on then warrants is as follows. You watched the sophisticated traders allow the stock to run to 4.75 after the Chick numbers and they come in and write naked shorts to drive the price under 4. The world says we are screwed now and they start to sell the warrants and the price drops. The naked shorters buy at .25 over 1.5 million and then have an exercise price of 4.25 and can then ride the Russian deal or JV news on Monday, cover their shorts, watch this baby explode and cash in their warrants at a $1-$2 profit. A profit on the short, on the warrant call and they have stock in the underlying Company not a bad four days work. This IMHO is why you are wrong and I have been buying the shit out of the artificially depressed common. DrRisk FWIW