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

To: Blayton who wrote (9479)	2/10/1999 3:08:00 PM
From: DRRISK	Read Replies (2) \| Respond to of 11888

Blayton this is the way I see your issues regarding the questions that you ask and there are only smart questions IMHO. 1. TNTO can be the straw that breaks the $1.00 support. They have not been present as ECN in months.But you are right that ISLD and NITE are the heavies. 2. If the HUNTS have taken a short position in anticipation of GF not getting financing and coming back to them for the rest of the CD then they are covering their bet by keeping the price down and buying into weakness that they create thru their selling short and keeping their short position manageable by periodic buying at around $1.00. I believe that they have a hedged formula that permits them to profit on either side so long as they are not caught by surprise. They are keeping the price down IMHO by staged selling into any accumulation. 3. If they pull the support at $1.00 and 1 1/32 that could cause a panic if they began to sell to themselves and create the appearance of massive selling and MM's folding. Additionally the company apparently has not allowed conversion due to lack of registered stock so the HUNTS are not able at present to acquire stk for conversion and are likely naked on the shorted shares that they have. Hence the large buy orders at 1 and 1 1/32 to cover their ass. Don't be surprised by a whip-saw coming our way. If you were a MM would you get in their way at this point if they were flooding you with shares? and waiting for GF to finish a deal? They are running the show for now and we are helpless, unless you have a spare million or two and a lot of balls. If they get to convert the lower the share price the better. DrRisk if this makes sense then we are both in trouble