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


To: Zeev Hed who wrote (9394)1/7/1999 9:15:00 AM
From: DRRISK  Read Replies (1) | Respond to of 11888
 
Zeev,
Happy New Year!

The action in AIPN yesterday was from one account on ISLD on both the bid and asks. I have never seen ISLD on AIPN with a bid size from 50K-100K all day, which was mirrored on the ask side by a lesser quantity of from around 25K-50K all day from one account.

The existence of "naked shorts" on the NASDAQ is an unfortunate boom to market manipulators who can play fast and loose through off shore accounts with the rules. Enough said, the last time I got into a public discussion of this nature I was threatened. The "Hunt friends" of AIPN have been IMHO covering their shorts at this point because the heat of the well results and the heat of the upper management and shareholders are on GF. My perspective is that if "our friends", who really are not naked, are worried about the fact that GF is not going to hold the well news or other news back any longer then they would be buying and converting at the same time in bulk. Hence they buy in bulk through ISLD to cover their short positions that do not match up with their converted debentures and sell/convert as much as they can until they can no longer play the game because our CEO is too scared. Anyway FWIW and IMHO. An interpretation from observation of market behavior that I have not seen before in this or any other stock I trade.

DrRisk open to other interpretations of these facts