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

To: DEER HUNTER who wrote (9136)	9/3/1998 5:22:00 PM
From: DRRISK	Read Replies (2) \| Respond to of 11888

DH, Thought I would drop a line on what I saw today and how $1.00 got penetrated and the filling of the 15/16 GAP was completed. There were some large blocks that went off most notably a 300,000 share one @ $1.00 that appeared to me to have gone to RMCC. He was buying a great deal and the other blocks appeared to have gone to him as well. The seller appeared to have been USCT a subsidiary of Fleet that had accumulated a significant stake on our last weakness at this price and I believe they got out in a hurry. They were the principle reason for the weakness and penetration of $1.00. All this is IMHO. With all the weakness in the market their sale was probably market related rather then AIPN related. I am confident that RMCC would not be such a big buyer at this price if bad news was coming. This appears to be a MM phenomenon that is one last capitulation for all those who have had enough, we know there are a lot of frustrated disgruntled shareholders who have thrown in the towel, no one could blame them. All this is IMHO and of course FWIW DrRisk