It all depends on what AA believes your intent was. People, of course, book and cancel tickets all the time. That is why people book refundable tickets.

But, at the time of the booking, you (or the person for whom you book) must have the intent to fly. And the judge of intent is solely AA.

Easy translation: don't attempt this more than once in a great long while. If you must do it again, I would call AA and specifically request the authorization discussed in the COC.