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Posted by glassman on :
 
when you guys are done with wavap? [Big Grin]


make sure you read this....

2005-04-18 09:01:23
American Energy Production Inc. Announces First Quarter Production Revenues for Two Wholly Owned Investees

--------------------------------------------------------------------------------


Business Editors / Energy Editors

MINERAL WELLS, Texas--(BUSINESS WIRE)--April 18, 2005--
American Energy Production Inc. (OTCBB:AMEP) announced
today the first quarter Production Revenues for two wholly owned
subsidiaries Production Resources Inc. and Bend Arch Petroleum Inc.
American Energy Production Inc. subsidiary, Production Resources
Inc., sold approximately 1931barrels of oil in January, February and
March for total net oil revenue of $76,428. Bend Arch Petroleum Inc.
in January, February and March sold 4517 barrels of oil for
approximate total gross revenue of $223, 635.,and natural gas
production of 34,835 MCF and approximate gross revenue of $188,848.
Total gross revenues for Bend Arch Petroleum and Production Resources
Inc. totaled $488,911.
Charles Bitters, President of American Energy Production, Inc.,
stated, "Bend Arch Petroleum will commence deepening a re-entry well
to the Marble Falls formation in the next two weeks to define the
field boundaries on its 12 wells Palo Pinto Project where the company
recently completed a Marble Falls well that produced gross oil and gas
income of approximately $120,000 in the 30 days. If this well is
successful then an evaluation will be made to drill several new
wells."



120K X12 months pretty good for 1 well...
 
Posted by keithsan on :
 
while your at it check out DRVW news with marriot.
 
Posted by Dustoff101 on :
 
glassman, I bought 20k ,better than what I have been working on this morning.
 
Posted by keithsan on :
 
volume building on this one chart looks ready, i may play it.
 
Posted by glassman on :
 
DRVW is huge news... [Big Grin]
 
Posted by glassman on :
 
AMEP....

it appears they are saying this new well is part of a feild....
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
DRVW is huge news... [Big Grin]

I was worried you of all people missed it.
 
Posted by glassman on :
 
nope, just waiting for the dust to settle elsewhere...

good diversion this AM [Big Grin]
 
Posted by Dustoff101 on :
 
I am hitch hiking this morning ,,,bought DRVW to...hehe
 
Posted by Peaser01 on :
 
I'm trying to get in at .019. Waiting for my order to fill.
 
Posted by Peaser01 on :
 
How about SmarTire today. Yee haw fellas! I think it'll run again above .09.

I'm hoping it breaks .1 today. I sold higher, and then doubled up my shares when it dropped below .08. I'm getting out of it today regardless. I'm up on my second go around with SMTR too. Yee haww! I like AMEP. I want in.

FILL MY ORDER @ .0191 for crying out loud!
 
Posted by glassman on :
 
AMEP...sometimes nobody wants to sell, and the MM's don't want to short, so it hangs...
this is one of the arguments FOR naked shorting...

DRVW on the other hand is all over the place today... LOL
 
Posted by Peaser01 on :
 
I'm in @ .019
 
Posted by glassman on :
 
what about that wavap? [Big Grin]
 
Posted by keithsan on :
 
didn't play or watch that one...
 
Posted by Peaser01 on :
 
Haven't had time to look at it. I'm busy looking for a sale.
 
Posted by Peaser01 on :
 
Looks a little oversold today. [Wink]
 
Posted by Dustoff101 on :
 
wavap...glad I am not the one turning the lights off over there..
 
Posted by Peaser01 on :
 
This is a great entry price at .019

I strongly believe we're gonna take off in the next few days hopefully.

ALLLLLLL ABOARDDDD!!!!
 
Posted by Peaser01 on :
 
200k here.
 
Posted by Peaser01 on :
 
Should be a good day tomorrow with AMEP.
 
Posted by d6veteran on :
 
This one has been on my radar to get back into. I think it is a good sign that despite the bearish weeks this has held an RSI of 50+.

I was waiting for a dip to close to 40 to get in but I may not get the chance.
 
Posted by kanalgeruch on :
 
AMEP seems great..just the corporate debt and their 'management fees' seems high..generating income and paying themselves (as opposed to the stockholders) seems to be the game...but despite of this, I still hold...
 
Posted by Dustoff101 on :
 
kanalgeruch.....what do you expect for .019 cents?? Apache oil..
 
Posted by Peaser01 on :
 
Getting ready for this to move today, and tomorrow. We'll see what happens!!
 
Posted by keithsan on :
 
looks like they pushed it down on purpose this am, we'll see if it bounces back.
 
Posted by keithsan on :
 
bid is .0185 all sells today at .0181 just taking out the week players.
 
Posted by Peaser01 on :
 
I'm all loaded up and ready for the days to come!!
 
Posted by Peaser01 on :
 
Anybody here a member of some other message boards that wouldn't mind putting the word out about AMEP?
 
Posted by stocktrader22 on :
 
whats holding this one back, something is for sure!
 
Posted by Peaser01 on :
 
Sure glad I didn't buy into WAVAP! [Wink] lol
 
Posted by glassman on :
 
wavap was a daytrade only...just like last year

the micro's are from another planet [Big Grin]

the funny thing down there is that everybody expects 1000% and when it doesn't happen they wanna blame somebody else cuz they didn't sell at 50%
 
Posted by Peaser01 on :
 
I looked at WAVAP when you mentioned it at the RSI at about 85+. I knew that this one was gone leave some people crying.

ha,ha
 
Posted by glassman on :
 
i mentioned it the night before and said i expected it to gap too much...but it didn't [Big Grin]

pumping a micro is a good way to pi$$ people off...
 
Posted by ya ya on :
 
I agree with you Glassman,There are many pumpers out there that are saying buy this it will definatly go up and you will make tons of money.We just have to seperate those people from the good ones like ktrain and others that do there homework and share with others.
 
Posted by Peaser01 on :
 
When volume picks up with AMEP, we'll all be smelling like Roses. Umm, well not when we're squattin on the commode anyhow. [Smile] The arroma will be a little sweeter though.

This baby is a money maker IMHO!
 
Posted by keithsan on :
 
AMEP ask is now .0196
 
Posted by keithsan on :
 
picking up some movement and buys here
 
Posted by keithsan on :
 
bid sliding up, no sellers.....
 
Posted by keithsan on :
 
again bid over HOD
 
Posted by Peaser01 on :
 
Moving up.
 
Posted by Peaser01 on :
 
This is only the beginning. We've got sunny days ahead.
 
Posted by keithsan on :
 
hit .0195 gonna blow soon
 
Posted by Peaser01 on :
 
I only wish I could buy more at these prices.
 
Posted by keithsan on :
 
another bidder in the .018's and upticking....
 
Posted by Dustoff101 on :
 
keithsan and glassman.....you guys brought up DRVW on this thread...Whats going on with it!
 
Posted by keithsan on :
 
had good news, Hilton hotels, hasnt played well, I'm wondering if it was the lack of concrete #'s or could've been a buy on rumor, i never heard the rumor though, just played the news.
 
Posted by Raptorsrule on :
 
The chart (DRVW) looks as if it could still have legs....yesterday's dip was on very little volume.

Marriot hotels Keith.....
 
Posted by Dustoff101 on :
 
raptor, your right level 2s look good..would you pull it back up, I don't know how. kiethsan your pm box is full.
 
Posted by keithsan on :
 
LOL whatever
 
Posted by Raptorsrule on :
 
I'm trying...LOL
 
Posted by keithsan on :
 
AMEP another uptick on air, got a feeling this one will pop soon.
 
Posted by Dustoff101 on :
 
keithsan just wanted to contact you about pulling it back up..no big deal, whatever hehe
 
Posted by Raptorsrule on :
 
Keith...I think you're right....this one will rock IMHO
 
Posted by G_Ho on :
 
i just put in a buy of 100K at .019 and the bid raised.
 
Posted by keithsan on :
 
shares are tight, its done the 50
% retrace and consolidate since the run and now has excellent revenues, I'm loaded!
 
Posted by Raptorsrule on :
 
G_Ho...go ahead and put your bid in at the ask and take that .0194 out so we can move up...LOL
 
Posted by G_Ho on :
 
no way! that's $40 [Wink]
 
Posted by G_Ho on :
 
ok. changed it to 100K at .0194 AON
 
Posted by G_Ho on :
 
filled
 
Posted by Raptorsrule on :
 
Thanks G...see we're moving now....!!
 
Posted by keithsan on :
 
ask .0199
 
Posted by G_Ho on :
 
the way this week's gone, i'd love to see a runner.

where's MOMO? LOL

I seriously need a winner here....
 
Posted by keithsan on :
 
don't follow momo then, seemed to be pump and dump. when markets down, pennies can be slower.
 
Posted by G_Ho on :
 
i hear ya keith. against my better judgement, i saw the $$$$$ in the first one and got rocked the next 2.

time to make it back, but i'm not in such a hurry this time [Smile]
 
Posted by keithsan on :
 
only one MM left at .0199, be nice to break .02 today
 
Posted by Peaser01 on :
 
Sure would Keith.
 
Posted by Peaser01 on :
 
Nite's almost history on the Ask at .0199

Bid moving up. Upticking!
 
Posted by keithsan on :
 
New HOD
 
Posted by G_Ho on :
 
lovin' it. thanks for the heads up.

glad i moved my price up to get in.
 
Posted by Raptorsrule on :
 
Games....
 
Posted by keithsan on :
 
whats up with that, setting up laptop in back yard....was there selling or mm's playing
 
Posted by Peaser01 on :
 
MM games for the most part. A few "sells" of 5000 below the ask.
 
Posted by keithsan on :
 
cool, figured there'd be mm dip before EOD had been all week was hoping they were done
 
Posted by glassman on :
 
i got trades outside the bid ask again...don't know why but this has been happening alot lately...

probably bad feeds....BUT it sure has to hurt the trading
 
Posted by keithsan on :
 
you mean above ask below bid? i didn't see that today but was in and out last 30 mins
 
Posted by G_Ho on :
 
do you guys hold this overnight or sell before close?
 
Posted by Peaser01 on :
 
This one looks like something I'll tuck away and hold on to for a bit. I only wish I got into GTEL at this price.
 
Posted by G_Ho on :
 
thanks peaser.

keith? raptor? etc.?
 
Posted by keithsan on :
 
I've been holding and gonna hold, this should break last run and move soon. Still thinking it may be today, 2 mms dropped ask, one pulled off without a buy and nite is alone at .0192, when he goes its back to HOD.
 
Posted by Raptorsrule on :
 
I'm holding....i think once the MMs are done playing around it will fly. This company is just down the road from me and as others have pointed out the one well is producing nice revenue.....FYI....there are oil and gas wells going up like crazy around me. They are everywhere.
 
Posted by keithsan on :
 
bid uptick here couldnt start to move again, last hour......
 
Posted by Peaser01 on :
 
Buys coming in!
 
Posted by Peaser01 on :
 
quote:
Originally posted by Raptorsrule:
I'm holding....i think once the MMs are done playing around it will fly. This company is just down the road from me and as others have pointed out the one well is producing nice revenue.....FYI....there are oil and gas wells going up like crazy around me. They are everywhere.

Well, that's some mighty interesting info. Thanks for sharing that.
 
Posted by Peaser01 on :
 
Should see some volume the next few days!
 
Posted by Raptorsrule on :
 
More games....hit the ask...drop the bid....LOL
 
Posted by glassman on :
 
black gold, texas tea....
 
Posted by glassman on :
 
sheesh...what stupid games....
i put in a measly 25K share order and they can't even fill it...
 
Posted by Peaser01 on :
 
We're movin now!! Nite dropped to .02
 
Posted by Raptorsrule on :
 
We may just get an EOD run here folks.....
 
Posted by keithsan on :
 
looking good so far now .0195 by .0199 and thats HOD....
 
Posted by Peaser01 on :
 
NEW HOD!!
 
Posted by glassman on :
 
yeah but NITE won't come to the inside bid...that's why the heavy traders aren't jumping in....
 
Posted by Peaser01 on :
 
Gonna close strong today!!


--------------------------------------------------------------------------------------------------------------------------------------------------------
We've only just begun!
 
Posted by keithsan on :
 
this will help!

MarketWatch BULLETIN >> Energy futures surge on surprise inventory declines
 
Posted by Peaser01 on :
 
Yah baby, Yah!

We may see more volume in the last 60 minutes today than we have all day. Well, it's a thought anyway.
 
Posted by Peaser01 on :
 
MM's have been accumulating today to fill some orders it looks like.
 
Posted by Raptorsrule on :
 
.02 ask...let's get it on....
 
Posted by keithsan on :
 
there's .02
 
Posted by Peaser01 on :
 
Breakin' on through to the other side of .02!!
 
Posted by Peaser01 on :
 
Still trying to fill some orders it looks like.
 
Posted by Peaser01 on :
 
Daily RSI is barely above 50. We're in for some sunny days ahead. I'm so glad to get on board at basement level this time.
 
Posted by keithsan on :
 
what is up with you RSI # people, its a weird cult lately.
 
Posted by Raptorsrule on :
 
LOL....a 10K sell knocked it back down.....
 
Posted by Peaser01 on :
 
It helps to determine if a stock is oversold and in danger of Naked Shorts. We're lookin' good. It sure has helped me to make cash.
 
Posted by glassman on :
 
funny thing about charting:

i watch shells with nuttn' follow technicals like clockwork...

i see stocks that are running on news stop dead on technicals...


charts work because people BELIEVE they do...

no more, no less....
 
Posted by keithsan on :
 
?????? are you saying oversold stocks only can be naked shorted??? i find this line of thinking odd. no offense.

RSI can show you oversold/bought conditions as well as other things.

CCI is straight up oversold/bought

never heard the naked shorting thing.
 
Posted by Raptorsrule on :
 
[QUOTE]Originally posted by glassman:
[QB] funny thing about charting:

i watch shells with nuttn' follow technicals like clockwork...

i see stocks that are running on news stop dead on technicals...


charts work because people BELIEVE they do...

How true it is glass....
 
Posted by glassman on :
 
most naked shorting that i see show up on the SHO list is done because of fundamentals...

if you go look in the filings you will usually find some reason the MM's believe they will be able to naked short and cover at a lower price...

GTEL? they got surprised on this winter...

but most of them have some underlying fundamental reason....
 
Posted by keithsan on :
 
thats exactly why techs work but the naked shorting stuff reminds me of voodoo
 
Posted by glassman on :
 
the MM's will "borrow" some shares when a stock is approaching oversold....they know they can get them back as long as no big news pops....
 
Posted by keithsan on :
 
thanks webster. I meant spotting it in the techs.
 
Posted by Raptorsrule on :
 
You guys crack me up...LOL....almost as comical as AMEP's MMs....
 
Posted by glassman on :
 
that's dexter to you... as in poin... LOL

i don't unnerstant ya kwestion then...
 
Posted by keithsan on :
 
did not have question, found it weird that people think they can tell that mms will short sumptin thru technicals (not just peaser but there is a bunch of RSI voodoo going on) market is boring so i started fishing it....
 
Posted by glassman on :
 
i don't see any big difference in the patterns...

but if i know there are some fundamentals out of whack cough smtr cough and the price is climbing then start looking for it on the SHO list...

SVSE is another one, but it never showed up there...thats Cornells heavy hand....
 
Posted by Raptorsrule on :
 
Well hell....no EOD run today.....

Holding....she's gonna go.....
 
Posted by Peaser01 on :
 
When Daily RSI is over 70 for multiple days at a time, there's a pretty good chance that the stock has been shorted. Glad I sold my SMTR the day before it showed up on the SHO today. LOL [Wink] GTEL did the same thing.
 
Posted by Peaser01 on :
 
Lookin good for tomorrow
 
Posted by keithsan on :
 
I don't know peas....been doing this a while too, hell MLXO was on and chart was not oversold.
 
Posted by Peaser01 on :
 
It probably didn't stay on long then is my guess. MSEP was on there for 20+ days after it's big run to .09. Now that was oversold.
 
Posted by glassman on :
 
MSEP had NO underlying fundamentals--they knew that, so they were selling very carefully into that one...

they have to mix it up a little now and then to keep us off balnce
 
Posted by keithsan on :
 
back to AMEP chart looks great, consolidation almost done. 6 out of last 7 days were buys today with the most volume...

looking very good. After the next run up we should also have the 50dma cross the 200 dma, which will be added bonus to techies.

With the worry over our oil supply, this could play big and soon.

http://stockcharts.com/def/servlet/SC.web?c=AMEP,uu[d,a]daclyyay[pb!b!b50!b200!f][vc60][iUb10!Le12,26,9!Ll14!Ld20]&pref=G
 
Posted by cruz on :
 
my fault there keithsan. I have a group behind this pumping up this RSI theory. not ready to dump it yet. [Smile]

quote:
Originally posted by keithsan:
what is up with you RSI # people, its a weird cult lately.


 
Posted by cruz on :
 
the chart is looking interesting. do i not see a cup and handle scenario here. this looks like it will take off soon.
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
the chart is looking interesting. do i not see a cup and handle scenario here. this looks like it will take off soon.

uh oh, cruz has been studying formations. ...

p.s.(cup and handle is a good thing)
 
Posted by cruz on :
 
keep sending those charts keithsan [Smile] once i click on it - it's an addiction from there on.
 
Posted by G_Ho on :
 
good morning everyone.

how about a solid up day today!
 
Posted by keithsan on :
 
gonna knock down .02 here
 
Posted by cruz on :
 
if it breaks 0.025 - i am in.
 
Posted by keithsan on :
 
if it breaks .025 i'll be up 40% [Smile]
 
Posted by Peaser01 on :
 
I'm trying to accumulate more at .02
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
if it breaks 0.025 - i am in.

ALMOST there CRUZ .02x .021
 
Posted by Peaser01 on :
 
Sweet, my order filled!
 
Posted by keithsan on :
 
broke 200 dma. looking strong on low volume [Smile]
 
Posted by cruz on :
 
doesn't that make you nervous - low volume?
 
Posted by glassman on :
 
rising on light volume is a VERY good sign cruz...
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
doesn't that make you nervous - low volume?

as glassman said, excellent sign, plus i'm watching a majority of buys here. Also, i'm not one of those scared of low voluem I own OCGT and there is no volume but I'm up nicely [Smile]
 
Posted by Peaser01 on :
 
The volume will come, just give it a little time.
 
Posted by keithsan on :
 
when sellers are at .021 and buyers at .02, you have no one selling to the .02's its a very good sign.
 
Posted by cruz on :
 
look guys! i have stars! really - let's make some money.
 
Posted by keithsan on :
 
bid creeping back up shhhhhhh...still selling is rare
 
Posted by keithsan on :
 
heres our lunch walkdown on the ask, this is getting to be a boring routine. Been doing this all week
 
Posted by keithsan on :
 
that didn't last long. back up
 
Posted by keithsan on :
 
Here we go back to .02 x .021 at HOD
 
Posted by <Tin Man> on :
 
Hey Keithsan,

What do you think of the stock NEOM ?

Thanks......
 
Posted by keithsan on :
 
not in now, been playing well lately. played it last year.

AMEP breaking out .023
 
Posted by Raptorsrule on :
 
The bid is stacked up nicely.....
 
Posted by keithsan on :
 
ibd is upticking nicely tooooooooo [Smile]
 
Posted by cruz on :
 
$1 soon!

quote:
Originally posted by <Tin Man>:
Hey Keithsan,

What do you think of the stock NEOM ?

Thanks......


 
Posted by Raptorsrule on :
 
She's gonna blow....LOL
 
Posted by keithsan on :
 
nice .02 by .0225 opened up the spread a little, slow her down before the close.
 
Posted by cruz on :
 
i am keeping an eye on her just before the close. supposedly MLXO is going to pop as well.
 
Posted by keithsan on :
 
watch for a strong close from here
 
Posted by keithsan on :
 
BIDS stacking up!
 
Posted by Raptorsrule on :
 
Yes they are.....now they just need to let the flood gates open.....
 
Posted by Raptorsrule on :
 
What's the deal....did the mms go to sleep...no trades in nearly an hour???
 
Posted by keithsan on :
 
they opened up the spread.....

it should close here soon. it had another great volume day, charts looking perfect for a RUN!!!!
 
Posted by Raptorsrule on :
 
yep...(smiling from ear to ear)
 
Posted by keithsan on :
 
bids moving buys at .022
 
Posted by keithsan on :
 
over 3 mill in volume c'mon
 
Posted by Raptorsrule on :
 
This is gonna fly tomorrow IMO.....
 
Posted by keithsan on :
 
.022 just left the ask [Smile] looking at a new 52 week high with another break out move tomorrow.
 
Posted by keithsan on :
 
WOOOPS no 52 week high tomorrow, wasn't looking at my yearly chart...so ignore that, still will fly. LOL
 
Posted by Raptorsrule on :
 
Now this is pretty....

http://stockcharts.com/def/servlet/SC.web?c=amep,uu[h,a]daclyyay[pb50!b200][vc60][iUp14,3,3!La12,26,9]&pref=G
 
Posted by Peaser01 on :
 
Well, I took some profits at .022 today. Sold 200k just before the end of day. I'm still holding 100k. Looking to buy back tomorrow.
 
Posted by Raptorsrule on :
 
Nice job on the profits peaser....I'm being greedy...because I think I can...LOL
 
Posted by cruz on :
 
chart sure does look good
 
Posted by keithsan on :
 
i like my chart better [Smile]

http://stockcharts.com/def/servlet/SC.web?c=amep
 
Posted by Peaser01 on :
 
Oh yeah! Well I think mine is the best. [Wink] LOL

http://stockcharts.com/def/servlet/SC.web?c=amep,uu[w,a]daclyyay[db][pb5!b20!f][vc60][iUb10!Le12,26,9]&pref=G
 
Posted by Raptorsrule on :
 
No mine is....nah nah nah....LOL

Looking forward to tomorrow on this one boys....
 
Posted by keithsan on :
 
nope yours was the worst [Wink]

I just wanted a longer timeframe.
 
Posted by Raptorsrule on :
 
I'm crushed.....LOL

yep...yours looks suspiciously C and H ish.....
 
Posted by keithsan on :
 
whats a c and H?
 
Posted by Raptorsrule on :
 
LOL...cup and handle
 
Posted by Peaser01 on :
 
Just don't forget who was lucky enough to take some profits today boys. I'm looking to buy more at about .2 tomorrow hopefully. We'll see what happens.
 
Posted by keithsan on :
 
quote:
Originally posted by Raptorsrule:
LOL...cup and handle

sorry cool code man.
 
Posted by keithsan on :
 
quote:
Originally posted by Peaser01:
Just don't forget who was lucky enough to take some profits today boys. I'm looking to buy more at about .2 tomorrow hopefully. We'll see what happens.

IMO if you took profits today you are a loon, it finally broke its trading range and you sell, we're excited that now its out of the range it it will run, I'll show you my meaning in a very poor chart:http://stockcharts.com/def/servlet/SC.web?c=amep,uu[d,a]daclyyay[pb5!b20!b50!b200!f][vc60][iub10!le12,26,9!ll14][J49438367,Y]&pref=G

If i took my time, it would look much better, but that is a break out!
 
Posted by Peaser01 on :
 
I'm a looney at times. I'm getting more tomorrow for hopefully less than what I sold for today. Free shares are a good thing if you can get them that is. I'm hoping to get some. We need more volume to really bring up our price. It will be here soon I believe.
 
Posted by keithsan on :
 
Good luck, i think your crazy but TAKE PROFIT when you can.
 
Posted by Dustoff101 on :
 
keithsan, peaser is all right till he falls off the wagon and starts frying grilled cheese sandwiches,,that boy frys um in crisco!!!!!!
 
Posted by keithsan on :
 
it was my bad to complain about taking profit. take it and don't look back. But this puppy is looking ripe
 
Posted by cruz on :
 
keithsan - i saw that trading range break and took a buy 5 min before close at 0.022. i said i would get in 0.025 but i think this is up from here. thanks for confirming that on your chart. hopefully, this chart will play as expected.
 
Posted by Dustoff101 on :
 
I sold several stocks today I was holding..Felt good...I am clearing the books...I kept two stocks....AMEP and MLXO.... myself I just do not hold stocks I feel uncomfortable with...ANYMORE
Keithsan, now there is strategy that otta drive ya'll nuts!!!! I am just watching volume and level 2's for the time being..Just thought you might get a kick outa my trading system...also I want plenty of cash on the side lines just in case.
 
Posted by cruz on :
 
cash is good to have at this point in the market.
 
Posted by keithsan on :
 
new chart:


http://stockcharts.com/def/servlet/SC.web?c=amep,uu[d,a]daclyyay[pb!b!b50!b200!f][vc60][iub10!le12,26,9!ll14!la12,26,9][j49460008,y]&listNum=1
 
Posted by keithsan on :
 
quote:
Originally posted by Dustoff101:
I sold several stocks today I was holding..Felt good...I am clearing the books...I kept two stocks....AMEP and MLXO.... myself I just do not hold stocks I feel uncomfortable with...ANYMORE
Keithsan, now there is strategy that otta drive ya'll nuts!!!! I am just watching volume and level 2's for the time being..Just thought you might get a kick outa my trading system...also I want plenty of cash on the side lines just in case.

its fine, I like charts myself, when you know what the techies play...

buying volume can be great, get in and out, but chart the stock first you dont want to buy at resistance on volume it may bounce off and your stuck with the bag.

Always keep daytrading cash.
 
Posted by TalonSin on :
 
Lots of interesting posts in this thread. I think I'm gonna have to free-load a bit and see if I can get in on this ride today.
 
Posted by Dustoff101 on :
 
TalonSin...now ya went and got a new handle " Freddy the Freeloader""....I free load all the time...hehe
 
Posted by Dustoff101 on :
 
Freddy...you gotta watch these characters around here they will rob you blind!!!!! I have seen um even steal my quotes!!!
 
Posted by cruz on :
 
how true. learned that lesson on a few stocks.

quote:
Originally posted by keithsan:
quote:
Originally posted by Dustoff101:
I sold several stocks today I was holding..Felt good...I am clearing the books...I kept two stocks....AMEP and MLXO.... myself I just do not hold stocks I feel uncomfortable with...ANYMORE
Keithsan, now there is strategy that otta drive ya'll nuts!!!! I am just watching volume and level 2's for the time being..Just thought you might get a kick outa my trading system...also I want plenty of cash on the side lines just in case.

its fine, I like charts myself, when you know what the techies play...

buying volume can be great, get in and out, but chart the stock first you dont want to buy at resistance on volume it may bounce off and your stuck with the bag.

Always keep daytrading cash.


 
Posted by Raptorsrule on :
 
Ok let's get this thing moving....

day off today to play...he...he
 
Posted by keithsan on :
 
this one looks ready to go, all buys at .022 so far....
 
Posted by Peaser01 on :
 
Changed my mind. I bought more SMTR early.
 
Posted by Raptorsrule on :
 
"coiled"...bid stacked 7 to 1....
 
Posted by keithsan on :
 
CRAZY support!
 
Posted by keithsan on :
 
upticking
 
Posted by TalonSin on :
 
I free-loaded in at .021, let the ride begin...
 
Posted by keithsan on :
 
Very nice price!
 
Posted by TalonSin on :
 
I think I jinxed it! DOH!!!!!!
 
Posted by keithsan on :
 
nah, dips every lunch, just needs to hold the 200 ma
 
Posted by keithsan on :
 
still dipping, very low volume today, trying to take it down and shake out a few week hands.
 
Posted by keithsan on :
 
I'm holding every share and heading out for the weekend. ENJOY
 
Posted by cruz on :
 
enjoy the weekend keithsan. i am holding as well. not much going on in the market today. expected that being Friday.
 
Posted by Peaser01 on :
 
Nice jump to .024!
 
Posted by keithsan on :
 
.024 sounds like a great close, and support held well then, will check out condition in am.
 
Posted by jason10 on :
 
.024??

i have high of .0225 and last sale on friday of .021

you sure about the .024
 
Posted by Peaser01 on :
 
Let's get ready for a big day everyone. I hope that we're all loaded up cause I think we'll see .03+ today!!! Let's load up early this morning!!
 
Posted by TalonSin on :
 
Being a newb, the chart does not look that good to me. The RSI is a bit high at 58.3 the MACD isnt that promising and the price seems to be above the averages.

What am I looking for on this one???
 
Posted by keithsan on :
 
quote:
Originally posted by jason10:
.024??

i have high of .0225 and last sale on friday of .021

you sure about the .024

ya i spotted it, went through after close, last mark of the day, doesn't show on charts...happens now and then. some say its buys or sell that went through during the day that weren't posted by the mm's, i'm not sure though.

low volume sell day on friday, held support, ready to blow up, no one was selling. even with the low volume dips.
 
Posted by keithsan on :
 
still catching up, ameritrade shows me .024 last sale,

important part is chart showing resistance held as support, may have a slight poke under .02 but sholdn't stay there.

http://stockcharts.com/def/servlet/SC.web?c=amep,uu[d,a]daclyyay[pb!b!b50!b200!f][vc60][iub10!le12,26,9!ll14!la12,26,9][J49460008,Y]&pref=G
 
Posted by jason10 on :
 
i need to learn to read those candle stick charts looks decent though
 
Posted by Peaser01 on :
 
.021 is the current ask
 
Posted by TalonSin on :
 
Thanks for the post Keithsan. With your annotations I get a much better picture of what your looking for.
 
Posted by cruz on :
 
Last Friday didn't count - sell off for the weekend.
 
Posted by cruz on :
 
i hope we break thru that 0.028 resistance. this is crossing the MACD.
 
Posted by keithsan on :
 
quote:
Originally posted by jason10:
i need to learn to read those candle stick charts looks decent though

go to stockcharts.com then read definitions etc they will show you some things, not nearly enough. but its free.

i posted to show the resistance line we broke is now support, support held friday, ? is will it hold again...

other thing to notice is the low volume selling. usually just week worried hands or novice traders saying i don't hold for the weekend.
 
Posted by keithsan on :
 
boring low volume day, would like it to close above .02
 
Posted by cruz on :
 
no kidding
 
Posted by ya ya on :
 
doing nothing today.
 
Posted by keithsan on :
 
upticking on air, most of buys and sells were above .02 today, I'm expecting the close there. or a bit higher.
 
Posted by G_Ho on :
 
what's going on here?
 
Posted by Pagan on :
 
I think it needs a good kick in the a$$ to get it motivated....
 
Posted by cruz on :
 
who knows what's goin on.
 
Posted by keithsan on :
 
although we broke resistance on thurs or friday, we got sucked back in. support is about .018 so we shouldn't fall to far, I'll be looking to add in that area if nothing looks crazy.
 
Posted by d6veteran on :
 
I've been watching this one. One thing I noticed today is that the RSI trend lines has been broken through on the downside. If you look back a year you see this one can get way oversold. That's what makes me nervous.

I'm looking for an entry.
 
Posted by cruz on :
 
the dow and nasdaq doesn't is not helping either
 
Posted by keithsan on :
 
its in a tight trading range, and with the nice financials last week, i dont' see it obtaining a new weekly low.
 
Posted by keithsan on :
 
added here at .018 :)on support

http://stockcharts.com/def/servlet/SC.web?c=amep,uu[d,a]daclyyay[pb5!b20!b50!b200!f][vc60][iub10!le12,26,9!ll14][J49737695,Y]&pref=G
 
Posted by cruz on :
 
looks like it's holding the support line well. i am waiting to add until 15 min to closed.
 
Posted by keithsan on :
 
somebody just got fille at .0179 grrrrr... i didn't think i'd catch it below .018
 
Posted by MtgVo on :
 
Maybe I can get some at .0179 too =)
 
Posted by Peaser01 on :
 
I'm holding mine.
 
Posted by keithsan on :
 
moving back up after the drop should play nice next few days and hit .02 again at least.
 
Posted by ya ya on :
 
That would be nice Keithsan.Guess it all depends on oil prices.
 
Posted by keithsan on :
 
support looks strong on the chart oil dropped 2.5 today, it should bounce up some tomorrow.
 
Posted by keithsan on :
 
bid upticks this AM
 
Posted by ya ya on :
 
Keith this doesn't look like its doing chit.
 
Posted by ya ya on :
 
The only thing i see is up chits creek like UNQT
 
Posted by glassman on :
 
nothing is....the OTCBB volume is lame so far today..
 
Posted by glassman on :
 
you know what's really hard to believe here?

TNOG just passed this....

with avge daily volume in 10's of millions of shares...

and a pink sheet.......nobody has any clue what their financials are...
 
Posted by cruz on :
 
Then buy some CHIT

quote:
Originally posted by ya ya:
Keith this doesn't look like its doing chit.


 
Posted by cruz on :
 
otcbb will move with the dow and nasdaq.
 
Posted by TalonSin on :
 
quote:
Originally posted by cruz:
Then buy some CHIT

quote:
Originally posted by ya ya:
Keith this doesn't look like its doing chit.


I think I bought some of that in the past. I had to drop it though because it stunk... [Razz]
DOH!!!!
 
Posted by ladybird on :
 
Boys, this sucks. [Mad]

I can't seems to pick a flippin' stock short term that will earn some money. AMEP just sits there - as if I have nothing to do all day but try and coax it up. Maybe I'll subject it to a string of expletives and see if that does the trick.

I'm painfully enrolled in the school of hard knocks.
 
Posted by glassman on :
 
yup this one makes no sense....

EVSC is trying to break out right now tho...
 
Posted by ya ya on :
 
I think the dead horse is getting a beating
 
Posted by glassman on :
 
i think the MM's are destroying the market...
 
Posted by ya ya on :
 
unfortunatly this is daytrader land,I thought i could hold for a while and these stocks would go up but a hard lession learned DOES NOT MATTER WHAT THESE COMPANIES ARE ABOUT daytraders come in get a good pump going on these stocks then the share price goes up and then they sell and investers like me get got holding my bag.
 
Posted by keithsan on :
 
I'm holding, down about 15% now, it'll go backup.
 
Posted by cruz on :
 
i'm holding too.
 
Posted by glassman on :
 
they have a new well that is pumping a significant amount of oil....pretty soon all the people that got in at half this price will be gone and it will continue back up....
 
Posted by ya ya on :
 
If they try to pump half as much oil as they try to pump the share price i would be happy
 
Posted by glassman on :
 
pumping? look at TNOG...that's PUMPING...LOL
 
Posted by TalonSin on :
 
Thats the truth, you see TNOG on every site out there this week.
 
Posted by ya ya on :
 
TNOG is up 50% with good volume - this stock has low volume and shares are down - Maybe we should recruit there pumpers - LMAO
 
Posted by glassman on :
 
low volume? the avge daily volume over the last 10 days for TNOG is 50+ million...it's just another pink...people are playing the momo...
 
Posted by keithsan on :
 
oil getting ready to bounce too.
 
Posted by glassman on :
 
yeah and as usual as soon as people start complaining the bid just dropped again...

i sometimes wonder about people...

nothing personal yaya, but are you actually holding this?
 
Posted by Peaser01 on :
 
I'm holding my 100k even if it takes few weeks or months. I think it's a good long due to the up and coming new wells being drilled.
 
Posted by glassman on :
 
i'm beginning to wonder about the MM's even more...

i got different sets of quotes on a few of my feeds again...this is happening too often lately...

a lot of trades are going thru between bids and asks because they are aren't all the same...i'm sure of it..
 
Posted by ya ya on :
 
Yes i am holding this, if i wasn't i wouldn't be such an angry white man.
 
Posted by glassman on :
 
well, i'm not happy either(at least about this one) but people do sell on "bad vibes"...

i'm not saying lie and pump by any means...

the MM's were just trying to drop this to .0165 a few minutes ago...nbody sold, so they are back up to .017 now....

they are watching...it's their job...
 
Posted by TalonSin on :
 
I'm hold it too. I dont have much in this so if I have to hold for several months to get my profit then I can live with it.

Thats what I get for freeloading and not doing my DD!!!
 
Posted by ya ya on :
 
I am hoping this has a future - I have been down atleast 20% every day this week (I hold these stocks to long) soon my well will dry up.
 
Posted by keithsan on :
 
this hasn't seemed to matter much lately, but a couple more mm's jumped the bid.
 
Posted by keithsan on :
 
also 2 mm's backpeddled from .0172 to 174, we shall see, fridays usuallly low volume could be setting.
 
Posted by ya ya on :
 
Bid down to .016 ouch this is starting to hurt - Atleast have the common courtesy to give me a reach around.LOL
 
Posted by Peaser01 on :
 
We'll all get our money back here. Just have to wait it out.

http:// www . american bulls . com /StockPage.asp?CompanyTicker=AMEP&MarketTicker=OTC&Typ=S

It may soon be a good time to buy more.
 
Posted by d6veteran on :
 
I noticed it just got upgraded from sell to hold on another site as well.

Purely on a candle pattern though, which I find are not reliable on there own with pennies. I think we got another 4-5 days of slight drop before rebounding.

SPRL acted the same way. Kept dropping and dropping despite good fundamentals and great chart signals. Then finally it bounced.

I think AMEP will do the same based on how I've seen it trade so far. All the volume is going towards plays like TNOG.
 
Posted by cruz on :
 
i tend to agree with you d6. american bulls has a wait on it per chart.
 
Posted by slim on :
 
My sources say short-term indicator 40% sell, medium-term indicators hold, long-term indicators buy 67%. It's on a downtrend and no telling where it's going to stop. I'm out I had a decent little profit, I wanna wait until the downtrend is broken, before I get it again.
 
Posted by ya ya on :
 
getting a butt kicking today
 
Posted by Pagan on :
 
Good time to buy [Wink]
 
Posted by keithsan on :
 
ya I was trying to steal some at .0141 but that didn't work, sat on the bid for a while.
 
Posted by d6veteran on :
 
Ouch! Someone just bought for .159

That is going to leave a mark.
 
Posted by maumee river rat on :
 
who ever sold it to um isn't sayen ouch
 
Posted by d6veteran on :
 
They sold it to an MM!
 
Posted by ya ya on :
 
You should wait to buy this thing will go down like a rock.
 
Posted by glassman on :
 
quote:
Originally posted by ya ya:
You should wait to buy this thing will go down like a rock.

LOL yaya i want more too, but i don't bash while i'm waiting... [Big Grin]
 
Posted by keithsan on :
 
I don't think it'll bank .014 and if it does, thats bottom. IMO
 
Posted by ya ya on :
 
i think this will be under .01 by next week.
 
Posted by keithsan on :
 
I think you crazy.
 
Posted by ya ya on :
 
you might be right Keith - I just don't want to blow sunshine up anyone's A$$.With these oil stocks,oil goes down so do these.
 
Posted by keithsan on :
 
Oils going up, gotta be ahead of the market [Smile] I also loaded XLE calls last thursday on the need for oil to pop back. Hope it goes for a couple days here.
 
Posted by ya ya on :
 
I should have sold @.026 - Don't think this will hit that again
 
Posted by glassman on :
 
oh forXsakes...yaya, you want Saudi oil instead?

this is getting disgusting...here have a kleenex...
 
Posted by cruz on :
 
LOL - i was looking to add more today but no chance.

quote:
Originally posted by glassman:
oh forXsakes...yaya, you want Saudi oil instead?

this is getting disgusting...here have a kleenex...


 
Posted by GVMOORE on :
 
Sold at .018 for a loss. Looking to buy back at .0018 range. Still hope. Bad
day except smtr keept me alive.
 
Posted by moneyed on :
 
will buy some tomarrow [Big Grin]
 
Posted by TalonSin on :
 
Why is it when a stock price goes down for a while people run away from it but when Wal-Mart cuts it's price on toilet paper everyone runs out and buys a few cases? I just consider this a sale!

We are getting close to the travel season and gas and oil consumption will start to raise before summer just like it always does and this stock will naturally head up.
 
Posted by Peaser01 on :
 
Looks like a great buy in price IMHO. I'm still holding a part of my original investment. I think it's only a matter of time for AMEP. Another patience play.
 
Posted by keithsan on :
 
still trying to grab some at .014 havent changed my mind yet, still own my other shares so no rush.
 
Posted by d6veteran on :
 
.0138 x .014
 
Posted by glassman on :
 
somebody just got 100K at .014
 
Posted by cruz on :
 
it was keithsan [Smile] he was trying to grab some at 0.014. it should have gone through. i picked up some at 0.014
 
Posted by ya ya on :
 
I will also pick some more up when it drops below the penny line.
 
Posted by d6veteran on :
 
I don't know ... volume is still weak with more selling today. I'd rather buy a on the way up than the way down. I'm still waiting for the true bottom to be revealed.
 
Posted by keithsan on :
 
added here, .0142
 
Posted by keithsan on :
 
a few buys EOD yesterday, previously i had stated i felt bottom was .014, one ask has peeled back (recent morning fakeouts so who knows).

keep your eyes open could start its ascent again.
 
Posted by jason10 on :
 
why is this and msep doing so poorly they both seem like good companies
 
Posted by d6veteran on :
 
Anyone have the L2s? It looks to me like it is struggling to maintain .014.
 
Posted by keithsan on :
 
I don't know much about MSEP and have avoided it, I am still expecting this to hold .014 then rally. Not looking great right now but lets see where its at EOD and tommorow.
 
Posted by d6veteran on :
 
Hit .0135 today and everything has been positive since. I started scaling in as I think this has turned the corner.

Some huge buys going through.
 
Posted by d6veteran on :
 
200k ($3000) and then 400k ($6000) at the ask (.015)!
 
Posted by jason10 on :
 
i have this and msep on my streamer next to each other and other than amep being .002 higher than msep at all times they both move exactly the same they both go up and down and bounce at the exact same time in the day and everything
 
Posted by keithsan on :
 
nice day here, held just shy of .014, lowwest buys were .014 now back on uptrend should be .02+ soon [Smile]
 
Posted by TalonSin on :
 
Awesome call Keith! You laid it out there for all to see and never flinched.

Guys like you, glass and andrew really make this board a great place to be.
 
Posted by Peaser01 on :
 
I'm still holding 78k. I'm looking for a good play in a few weeks. Just wait til the other rigs are producing oil. Giddy-up.
 
Posted by keithsan on :
 
quote:
Originally posted by TalonSin:
Awesome call Keith! You laid it out there for all to see and never flinched.

Guys like you, glass and andrew really make this board a great place to be.

Thanks TS, i haven't been playing much as I'd like, got some things going on. So far so good on this one. Its good to she that Glass has been on a nice roll lately.
 
Posted by d6veteran on :
 
Ugh! What a pos, just when I think it can not go lower it does.

No offense to you kiethsan, I'm the one who pressed the buy button.
 
Posted by keithsan on :
 
LOL

been no internet at work so can't watch. chart is weird, big lunch dip on no voluem it seems, now back up shy of .015 wouldn't be surprised to have a nice close.
 
Posted by d6veteran on :
 
Ya watching this stock on the day charts is painful.

I am beside myself that we haven't gotten even the smallest bounce up to 18.

Meanwhile, crap like OCRI (an ocean recovery company that recently had to sell their ship) popped to 400% since last week. I mean this is a company that had to sell their only means of doing business! I bought it thinking it would pop like 25%!

Such is the stock market.
 
Posted by keithsan on :
 
dipped it this morning looks good now though.
 
Posted by glassman on :
 
quote:
Originally posted by d6veteran:
Ya watching this stock on the day charts is painful.

I am beside myself that we haven't gotten even the smallest bounce up to 18.

Meanwhile, crap like OCRI (an ocean recovery company that recently had to sell their ship) popped to 400% since last week. I mean this is a company that had to sell their only means of doing business! I bought it thinking it would pop like 25%!

Such is the stock market.

this is common in the pennies D6, crap is EZR to manipulate...
like silly putty... [Big Grin]
 
Posted by keithsan on :
 
i don't know if i'm right but it looks like small sells and BIG block buys, just shy of a mill and then 4 more 250k buys.....
 
Posted by keithsan on :
 
notice recently almost 2 million in buys and a 5k share sell drops the price. get the feeling big boys loading but its wait and see.
 
Posted by d6veteran on :
 
I looked at the time and sales and it is a bit different from the L2s I have access to. Some type of manipulation is going on imo.


This is trading like SPRL. Lots of pressure to keep it down despite investor interest.
 
Posted by keithsan on :
 
i don't have my good TandS at this puter. but I do have the size of the buys compared to the sells. there was a 3 million buy last friday or so. I didn't get to check it out yesterday.

I wouldn't be surprised if it took off soon. Those are some big blocks those types of buys aren't normally penny flippers....
 
Posted by cruz on :
 
added more here at 0.0142
 
Posted by d6veteran on :
 
The chart is equalizing at least. Nice hollow candle today. The ask is definitely being pinched if you look at T&S.
 
Posted by keithsan on :
 
again, big buys small sells....

hmmmmmm
 
Posted by keithsan on :
 
bid stacking at .014
 
Posted by cruz on :
 
what's going on here! let it run!
 
Posted by cruz on :
 
is AMEP finally waking up?
 
Posted by keithsan on :
 
yep, had a little pop there, bid is stacking again....
 
Posted by keithsan on :
 
SCHB is a pain in the a$$ this baby has me frustrated.

forget it, he's back on the bid
 
Posted by G_Ho on :
 
c'mon AMEP!
 
Posted by keithsan on :
 
LOL wish that worked. It'll go, just consolidating.
 
Posted by cruz on :
 
consolidation is good. it will explode - KAAAAAABOOOOOOOM one of these days.
 
Posted by keithsan on :
 
heads up though, bid over HOD
 
Posted by G_Ho on :
 
.014 x .015!!!
 
Posted by Peaser01 on :
 
Yup. .015
 
Posted by keithsan on :
 
here we go buys rolling in

edit: lol i sit down, buys come, schb pulls ask, and all stops....
I have to stop posting on this one, nothing i say goes right.
 
Posted by keithsan on :
 
http://stockcharts.com/def/servlet/SC.web?c=AMEP,uu[w,a]daclyyay[pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G

should finally be a great week!!!!! higher lows, and 50ma and 200ma will cross. time for its second run.
 
Posted by keithsan on :
 
this is freaky, as soon as i post, schb comes down to the ask again....
 
Posted by keithsan on :
 
i'm just posting that its back to .015 so SCHB can come back down....
 
Posted by keithsan on :
 
LOL see he's back
 
Posted by d6veteran on :
 
I can't take it anymore I'm out [Frown]

I'll try an catch it under 16/17 when she finally does run.
 
Posted by keithsan on :
 
d6 at least wait till the ma's cross. could bring the techies in, and if you notice the dip to hear has found a bottom and is rounding.
 
Posted by keithsan on :
 
bid over HOD
 
Posted by keithsan on :
 
Looks good for a reversal at .012 kep an eye could hit .011 but....
 
Posted by jason10 on :
 
.011 should be an excellent entry for this
 
Posted by d6veteran on :
 
I don't guys, I'm reading .008/.009 as the next support level if it falls through .012.

On the radar though.
 
Posted by chetg on :
 
Three words here:

"Gaxy: Swing Play"
 
Posted by d6veteran on :
 
Yes but we've been thinking that since .018. No doubt this will be a swing play, the question is ... WHEN? .012, .010, .008? Lower?

Check out WFTV. Technically that was suppossed to swing at .0025. It is now at .0016 and still hasn't rebounded.

Radar it.
 
Posted by chetg on :
 
point was that GAXY was the swing play that never happened [Smile]
 
Posted by d6veteran on :
 
ahhhhh [Wink]

Ya exactly. Playing swings/bottoms is tricky. You can get sunk into one if you misjudge the bottom.
 
Posted by GVMOORE on :
 
Was planning on buying back @.008. With the droping oil prices. Its off
my watch list till price hold above above 50. Will buy if dips to .005.
Buy drilling stocks in the winter and sell into the spring run if you want
to make $$$$$$.
 
Posted by keithsan on :
 
http://stockcharts.com/def/servlet/SC.web?c=AMEP,uu[w,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

looked good on friday, nice dip and a move see if there is some follow thru here.
 
Posted by d6veteran on :
 
Is this thing starting a rebound finally?
 
Posted by cruz on :
 
looks like it. volume is up - 6996026
 
Posted by keithsan on :
 
moving again
 
Posted by cruz on :
 
i see that. i didn't get a news alert. maybe something is coming.
 
Posted by keithsan on :
 
i think people just stock up around .01 or .011 for later, its happened a few times this week, thought it would go alittle further this time schb seems to squash it quick.
 
Posted by d6veteran on :
 
I added twice at .011 this week. Thought it might go down to .008, but even if it does I feel good below .012.

Looking for a bounce to .02 or more next week.
 
Posted by keithsan on :
 
a lot of buying today for a friday on a long weekend........
 
Posted by d6veteran on :
 
Ya that is unusual. Good sign for next week?
 
Posted by keithsan on :
 
MINERAL WELLS, Texas--(BUSINESS WIRE)--May 27, 2005--American Energy Production Inc. (OTCBB:AMEP - News) announced today its wholly-owned investee Bend Arch Petroleum Inc. is re-entering another well, the Nash 1-C in the Barnett Shale formation located on its 12 well Palo Pinto Project.
Charles Bitters, President of American Energy Production Inc. stated, "This well is close to the Barnett Shale oil and gas well on the 12 well project that has produced approximately 15,000 barrels of oil and 45 million cubic feet of natural gas since July of 2004. Though production rates have not been established, the Nash 1-C well also shows signs it will produce both oil and gas."

Bend Arch Petroleum Inc. will install a Uni-draulics jet pump on this well instead of a conventional pumping unit. The idea is to move more oil and produced water from the wells bore faster and more efficiently to achieve a greater flow of oil and natural gas. Bend Arch employees will work throughout the Memorial Day weekend to finish installing this equipment. More details will be announced as to the status of the Nash 1-C well as soon as management has results. To view a current picture of the workover rig on the Nash 1-C well please follow this Link.
 
Posted by EverGreen on :
 
imo chart bottom reversal
(to be confirmed next week)
 
Posted by keithsan on :
 
bad day and time to release news, may be re-released tuesday.
 
Posted by EverGreen on :
 
oh yes - it happens many times that PR are ignored just because of wrong time
but maybe they will have something else on tue (end of month!)
in any case MACD is crossing and (finally) reversing up (also RSI-WR are uptrending)
and if oil goes up ...
 
Posted by cruz on :
 
what's the post murnak?
 
Posted by cruz on :
 
are we waking up here?
 
Posted by keithsan on :
 
a lot of buys EOD with schb on the bid. he's been the axe for all the selling, still in the recent range though.
 
Posted by cruz on :
 
American Energy Production Inc. Announces Success on Initial Start-up of Uni-Draulics Jet Pump on Bend Arch Petroleum Inc. Nash 1-C Barnett Shale Well
06/15/2005 08:00
American Energy Production Inc. (OTCBB: AMEP) announced today its wholly owned investee Bend Arch Petroleum Inc. began operations of a uni-draulics jet pump on the Nash 1-C Barnett Shale well.

Charles Bitters, President of American Energy Production Inc. stated, "After several days of delays obtaining a down-hole assembly's for the uni-draulics jet pump, Bend Arch Petroleum Inc. began successfully producing the Barnett Shale well on Monday. Management believes it will take a week to ten days for the well to stabilize and have consistent oil and natural gas production rates. However, initial indications point to positive results. After only four hours the well was producing substantial amounts of natural gas. We will post results once the well has had a chance to stabilize therefore giving a clearer picture as to the future of the Nash 1-C well."

The installation of the uni-draulics jet pump on the Nash 1-C well instead of a conventional pumping unit will move more oil and produced water from the wells bore faster and more efficiently than the conventional pumping unit.

To view a current picture of the workover rig on the Nash 1-C well please follow this Link.

http://www.americanenergyproduction.com/projects_1.html

Scroll down where you'll see Nash Well Barnett Shall Re-entry.

Charles Bitters also stated,"Bend Arch Petroleum Inc. has accumulated over 7,000 acres of leases that have potential Barnett Shale production. Bend Arch Petroleum Inc. and Oil America Group Inc. of Dallas, Texas another 100% owned investee of AMEP plan to offer drilling partnerships to potential investors to drill Barnett Shale wells on the above mentioned properties in the near future. For more information contact Joe Christopher at Oil America Group Inc."

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance, Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
 
Posted by cruz on :
 
0.0145!
 
Posted by keithsan on :
 
round 2 after lunch dip, should make new highs.
 
Posted by cruz on :
 
at 0.017
 
Posted by cruz on :
 
buys coming in at 0.018
 
Posted by farmgirl on :
 
Is it possible to get past the wall at .02?
 
Posted by cruz on :
 
almost 35 mil in volume today! unreal.
 
Posted by cruz on :
 
tomorrow should be a big day on this one. a big push here in the last half hour.
 
Posted by d6veteran on :
 
What a nice suprise!

farmgirl I think the wall is a bit further out at .022. However with todays EOD run we may have momo to drive right through that. I mean the volume is unreal.
 
Posted by cruz on :
 
i don't think we shouls have a problem breaking 0.022. i think 0.027 would be more of a resistance. break 0.027 and the way we go.
 
Posted by cruz on :
 
i am thinking everyone is getting in and waiting for the next ten days to come...

read below -

Management believes it will take a week to ten days for the well to stabilize and have consistent oil and natural gas production rates. However, initial indications point to positive results. After only four hours the well was producing substantial amounts of natural gas. We will post results once the well has had a chance to stabilize therefore giving a clearer picture as to the future of the Nash 1-C well."
 
Posted by EverGreen on :
 
sorry i'm 2 weeks late on my prediction ... lol

cruz you got the point - if they confirm good #
AMEP is back to 026 and then 05

i hope that we see in these 10 days a run like march
(1st day is good ...)
volume and price last hour was interesting
 
Posted by cruz on :
 
this is gonna gap at open!
 
Posted by Murnak on :
 
Is now a good time to get in!
 
Posted by cruz on :
 
broke the ema(15) it broke the first resistance at 0.022 next resistance at 0.027. i wait til 0.027 and then it up from there IMO
 
Posted by cruz on :
 
this is rockin
 
Posted by farmgirl on :
 
We are flying. .025 I was wrong about .02 yesterday and glad. Glad to see it fly.
 
Posted by cruz on :
 
18 mil in volume the first half hour
 
Posted by cruz on :
 
here's the dip
 
Posted by cruz on :
 
c'mon 0.027
 
Posted by wannabe_trader on :
 
Guys .. are you understanding the situation?
over 30,000,000 shares as am writing now in 55 minutes ONLY! i guess its the biggest volume day in the history of this company, oil is sky high .. what more! Great stuff
 
Posted by keithsan on :
 
another great day [Smile] sometimes it pays to wait
 
Posted by pcloadletter on :
 
finally through .025

rolling now
 
Posted by farmgirl on :
 
Lets see .027
 
Posted by cruz on :
 
0.022 is long gone - c'mon 0.027 - we had 0.0265
 
Posted by d6veteran on :
 
[Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin]

I may get a triple here!


edit: out at .025. I was lucky to get in at .011 and don't wanna be too greedy. GLTA!
 
Posted by farmgirl on :
 
I am in at .012 and am waiting for .027 or better. I now we can do it. I think we might see .03 today or tomorrow.
 
Posted by pcloadletter on :
 
ready for breakthrough
 
Posted by farmgirl on :
 
.027 here we come. .0264 now
 
Posted by cruz on :
 
i am all in. we should get numbers from the company in a week. i would like to get half out at 0.032. i am in at an avg of 0.016.
 
Posted by cruz on :
 
i got out at 0.025. it's losing momentum right now. strong resistance at 0.027. i can't depend on the company putting out good numbers.
 
Posted by farmgirl on :
 
It is not even luch time yet. I bet it picks up steam after lunch.
 
Posted by cruz on :
 
i can't get too greedy. good luck farmgirl. i hope to get back in. there's still room here i think.
 
Posted by farmgirl on :
 
this volume is insane
 
Posted by farmgirl on :
 
I got out on the way down at .022 but will rejoin.
 
Posted by cruz on :
 
keep an eye out on this one. news expected in a week to ten days.
 
Posted by <?aBull> on :
 
I have a question.. please.

I notice that the high of the day (as of this writing) is $0.26. Does that mean someone actually paid that or is there something else happening?

Thanks in advance.
 
Posted by Bob Frey on :
 
No it normally means some one has fat fingers. Input wrong amount.
 
Posted by <zrascal13> on :
 
The momentum is lost and everyone is bailing out. Anyone have any thoughts on when to rebuy?
 
Posted by Peaser01 on :
 
Just found this to be a group pick tonight while web-surfing, I did a yahoo search for stocks, and low and behold I found a momo group site.

Looks as though AMEP was a recent momo group play.

I'm kind of ticked that I sold this about 1 month ago. Oh well. Great job to those that capitalized on it.

[ June 18, 2005, 06:49: Message edited by: Peaser01 ]
 
Posted by <zrascal13> on :
 
Thgis one is running again bought at .017 will sell when it reaches .025
 
Posted by <zrascal13> on :
 
Its still moving .021 and counting. Good volume.
 


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