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everyone seemed to ignore me when i posted papo was played by 2 groups monday. im not basher just speak the truth. why did it tank today...
Posts: 2329 | From: MD | Registered: Jul 2005
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posted
I thought about putting some money into PAPO. Put it on my watch list at .0093. I about fell out of my chair when it hit .05.
But I would rather hold AMEP, much better DD and have been whatching it for 2 months and holding since 9/3.
I never buy anything without keeping an eye on it for a few weeks first. I may miss a big run or two. But any good stock will run several times before leveling and steadily climbing.
Posts: 35 | From: Minneapolis | Registered: Oct 2005
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posted
We are all in the same game so no thinks is needed but is appreciated,as long as we all remove open and honest in any DD we find (good or bad)then we will have a decent and civil board.Many will disagree with each others findings but that what gives us all an advantage here,we can decipher through so much info in our trading days and so much is available to us we should all feel lucky...can you imagine what it was like just a couple of decades ago when you actually had to call your broker and get info or trade? We are in a completely new ballgame these days. As for my opinions for this week,as stated this morning we stay flat pretty much but on declining volume between .07's and .089 or so unless news hits(tomorrows natural gas report due also),Monday should be a good day and the gradual climb begins again.
posted
Sorry if this has been answered: gotta jump in, then hit the tub and gulp some soup. Trying to fight off some flu bug or another...anyway, anybody ever figure out the "institutional" buying and sell-off on Monday? I nearly took a long position three different times, but my Indian guide wouldn't let me. Ya, great run for whoever played it, but just wondering about the many large buys followed by the drop, which has not been the pattern...Anybody?
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BuyTex....Shakerz and Movers made multiple play heres before,they actually just took an exit on PAPO yesterday around noon,kywee and I both posted on here concerning PAPO although he(or she) was more direct,I just made it clear I would not take a position since I have not be able to contact anyone in the company since last week.No matter which group the bottom line is over 15 alerts went out late Friday and before open Monday, that alone would create the buy rush forcing the B/A up far to quick.
One of the levvys just failed again in louisiana, talk on cnbc right now how it is setting back natural gas even more than it already was.
One guy from FEMA just said we might actually RUN OUT of natural gas this winter as well, possibly have to shut down schools and factories because they might not be able to heat them. There are no emergency reserves for NG (unlike oil), and there is also no way to ship it from other countries. The cold front heading towards the US next week might run the natural gas down to almost nothing (quote from FEMA official on cnbc). I know questsolver has said this over and over again, but we are really in a natural gas crisis right now.
As sad as this might be, HOLD this stock, it is going to bounce and bounce real hard, it
WOW, also more hurricanes predicted by a hurricane forcasting expert, could have even more of an impact on the natural gas refineries!: (article on MSNBC)
Updated: 6:31 p.m. ET Oct. 4, 2005 A longtime guru of hurricane forecasting said October is likely to be another busy month.
William Gray, a Colorado State University scientist who has been predicting seasonal hurricane activity for many years with remarkable accuracy, issued a statement Monday.
"We project that October will continue the trend of above-average activity that we have witnessed in the preceding four months of the hurricane season," Gray's team said.
The forecasters expect three named tropical storms, two hurricanes and one major hurricane during October.
The prediction covers the Atlantic Basin, including the Caribbean and the Gulf of Mexico.
Compared to past full seasons, this year is the seventh busiest since 1950, and it does not end until Nov. 30.
This season had the busiest start ever, with 4 named storms by July 5. Warm sea surface temperatures fueled the monsters Katrina and Rita, and conditions remain ripe for more, other hurricane experts agree.
Deadly Hurricane Stan is the 18th named storm of the season.
The August update from NOAA, which oversees the National Hurricane Center, called for up to 21 named tropical storms. The busiest season on record was 1933, when 21 tropical storms developed in the Atlantic Basin.
Gray and his colleagues base their forecasts on the warmth of the ocean, global wind patterns and several other factors. The scientists said today they expect the 2005 season will finish at near-record levels.
posted
I rarely post on here so there's no reason for any of you to take me seriously (as I wouldn't either because I only trust those who I know have proven picks). Nonetheless, I have been an addict to this board for the past year but feel I do not have the right to post since I am not a broker and am only a casual investor. For what it's worth, I have been in AMEP for about a month now and really believe in the company. With that said, I went ahead and called the CEO's number as is posted on the company's website and spoke to him for 20 min today. Charles Bitters had a typical southern TX drawl in his voice but got to the point quickly - he has no interest in promoting so that the PPS would rise - his main priority is just getting the rig up and running that they shipped from Mexico last week. He explained that they were VERY lucky in getting a working rig in this kind of market. Normal wait time for a rig is 6 months to a year. He described a whole story how he got it from Mexico and there were Gringos with guns. He said in about a week to 10 days after the rig is tested, they will announce commencement of operations - i am not sure what kind of influence this press release will have on the PPS (I'll let QUESTSOLVER decide on that since he's the expert). Moving on, he went over tons of numbers with me. They were revenue targets they expected to reach once the drill and new rig is running regulary. It is my OPINION that only then will they be able to post a real quarterly report and show real revenues. Until then, everything's speculation. But we have a low PPS in the interim, so it is our best opportunity to buy now rather than later. I am not a day trader because I don't have the time and have another job. This will be a long term hold for me. And let me disclaim again that I am not a professional investor you can write off this post as any other crappy post out there because god knows I've been burned many times over on this site and others. I wish you all the best luck. GO AMEP!!!
Posts: 46 | From: Los Angeles | Registered: Sep 2005
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posted
[QUOTE]Originally posted by pensandoenti67: [QB] I posted at 0850 hrs **** Today it maybe a day between .075 and .088 then Thursday and Friday a steady climb to .10***
TODAY PRICE WAS .076 TO .088
ALMOST HAD IT 100%
I HOPE WE DO GET TO .10 BY FRIDAY AS I MENTIONED THIS MORNING AT 0850 HRS
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
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The last three candlesticks formed a Bullish Three Stars in the South Pattern . This is a bullish reversal pattern... Looks good for tomorrow... Will not be long now once the get the rig moved....JMHO
Posts: 416 | Registered: Jul 2004
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quote:Originally posted by QuestSolver: BuyTex....Shakerz and Movers made multiple play heres before,they actually just took an exit on PAPO yesterday around noon,kywee and I both posted on here concerning PAPO although he(or she) was more direct,I just made it clear I would not take a position since I have not be able to contact anyone in the company since last week.No matter which group the bottom line is over 15 alerts went out late Friday and before open Monday, that alone would create the buy rush forcing the B/A up far to quick.
Industry Sees Natural-Gas Bidding War Wed Oct 5, 1:30 PM ET
The prewinter buildup of U.S. natural-gas stores has yet to take a big hit from Hurricane Katrina, but that may be about to change.
While the storm has knocked out more than 225 billion cubic feet of natural-gas output since hitting the U.S. Gulf Coast, analysts explain that the losses have been nearly offset by a loss of demand caused mainly by the shutdown of gas-intensive petrochemical plants along the Gulf Coast.
The bad news: that demand is coming back on line faster than production, and it is robust enough to weather prices that have doubled in the past two months.
"The overwhelming, vast majority (of lost demand) is due to production capacity being shut in," said Frank Mitsch, a chemical industry analyst at Fulcrum Global Partners. "It's not because gas prices are high."
November natural gas closed Tuesday at $14.224 per million British thermal units, a record high for a front month on the New York Mercantile Exchange and double the price of late July.
According to data provided by authoritative chemical industry observer CMAI Global, about 44 percent of U.S. ethylene cracking capacity was off line on Sept. 30. Those plants primarily use natural gas as a feedstock
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
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posted
onedayatatime....good post and I believe its sincere and your right about CB,he is not concentrating on the PPS but on the business instead which will in herantly reflect on the PPS anyway....you should post here more often,we do have another issue we all must address though and thats Berlin.
Good Morning all,
They need to get their butt in gear and get us off Berlin ASAP,everyone should start calling or e-mailing the company,looks like downward pressure has increased on the exchange and although I hate to say it,it appears we are being shorted there again.
posted
I don't want to BS anybody but level 2 looks terrible right now,that could change quick though but for now take my advice if your green take profit..I am stuck here right now because I am long anyway and its now below my average.They need to get another PR out on production specs!
posted
I planned on holding into the winter anyway as you all know,its just an OTC thing today I guess,up or down for no apparent reasons.I'll be back later,got some other work to do involving real estate but I left two messages for CB and JC in Texas but the time differance is probably why they are not in yet.
I sold all but 15,000 at .081 Monday. How low do you think will get before a good rentry point.
Posts: 117 | From: Indiana | Registered: Sep 2005
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posted
I would first like to thank Questsolver for the information he has continued to give us here. I like the fact he does not post a lot of BS. I just got off the phone with Charles and he has told me we are most likely not coming off the Berlin Exchange even though he has made repeated request for this to happen. He has been told though that no one is trading are stock there. Now if I had been studying what the hell L2's are, I could have doubled my shares for free. My friends were trying to talk me into it but I have seen them cost themselves a lot of money trying it in the past. I got in at .02 and do not look to sell a single share till we reach .20. The MM's are doing everything humanly possible right now to shake everyone out of the shares of all the oil and NG stocks because they know what's about to happen. BTW Charles said the DRILL will be in the ground next week!
Thanks Questsolver, your the man
-------------------- dnthav2bgenis2bterchst mannteworldtesimplstwaywuldb mathmticalbrakethronhow2 factrlrgeprim#sbilgates Posts: 87 | From: Louisville, KY | Registered: Oct 2005
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quote:Originally posted by QuestSolver: I don't want to BS anybody but level 2 looks terrible right now,that could change quick though but for now take my advice if your green take profit..I am stuck here right now because I am long anyway and its now below my average.They need to get another PR out on production specs!
The energy sector is taking a hit today. NG is down 0.46
-------------------- One is never completely useless. One can always serve as a bad example. Posts: 2430 | From: CA | Registered: Jun 2005
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posted
I left message on Charles Bitter's cell. Again, this is a long term hold for me and I am in it deep. The MMs won't get one share from me. I am holding tight. Even if it is straight selling it just means cheaper shares for me to put more in when I get more $.
Posts: 46 | From: Los Angeles | Registered: Sep 2005
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-------------------- Do you know what "nemesis" means? A righteous infliction of retribution manifested by an appropriate agent. Personified in this case by an 'orrible 'unt... me. -Brick Top Posts: 746 | From: Pawtucket, MA | Registered: Jan 2005
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posted
and I soon as I sell, it would go straight up....
Already sold almost 400K at .02 when I got shook out. FOCK.
I need to find some funds
-------------------- Do you know what "nemesis" means? A righteous infliction of retribution manifested by an appropriate agent. Personified in this case by an 'orrible 'unt... me. -Brick Top Posts: 746 | From: Pawtucket, MA | Registered: Jan 2005
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posted
Should we sell now and let it drop more, and then buy back in ... do you think the current level will hold? Are we at the new entry point, or do you think this will go lower? I'm getting hit hard and need to find a good survival strategy ....
Posts: 249 | From: NYC | Registered: Sep 2005
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posted
I'm holding. It's only a drop on paper, not in real value. We all know that the rig is ready and there will be news soon.
It was overbought and went up too fast. In my opinion, we can't/won't see much less than .05 - but what the hell do I know.
I've sold before to buy back later, and ended up buying back in higher.
I'm holding and just not watching it as often. This thing should be solid in a few weeks IMO.
-------------------- Do you know what "nemesis" means? A righteous infliction of retribution manifested by an appropriate agent. Personified in this case by an 'orrible 'unt... me. -Brick Top Posts: 746 | From: Pawtucket, MA | Registered: Jan 2005
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posted
I don't know about the rest of you, but I bought this as a long term play. Selling on short-term fluctuation is a poor strategy unless that was your plan from the beginning. I'm going to hold.
Posts: 133 | From: Blacksburg, VA | Registered: Sep 2005
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posted
This is a rollercoaster stock. It spikes fast, it plummets fast. It will spike again - and for those holding, we'll be on for the ride. There WILL be a press release no more than 10 days from now (as Charles Bitter said) and there's no doubt it will fly. This just makes it all more exciting.
Posts: 46 | From: Los Angeles | Registered: Sep 2005
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posted
just got back in for a few minutes...looking at level 2 we may drop to .05 flat again I hate to say but we all know it can changed quick..this is the OP to either average down or sit tight.As for CB saying he does not believe there is any volume there I will send him 2 links to prove otherwise.
posted
One other thing I haven't mentioned in a while. For the people who are new to AMEP, in the previous thread we had I posted some calculations I did based on projected revenue/earnings for AMEP. With little growth, the earnings expected from the new rig and holes should put AMEP at about $0.13 with a P/E ratio of about 10 (which is very low). That's my valuation of this stock, given current information.
From my DD, and the DD posted by others here, this company is not a fly-by-night operation. They have real property, sell real product, and make real money. Thus, I expect earnings to grow in the future.
Hopefully news will be released soon that will alleviate some of this downard price pressure. Either way, the soonest I would sell would be after the next quarterly report, and the only reason I'd sell then is if the report is well below expectations.
Posts: 133 | From: Blacksburg, VA | Registered: Sep 2005
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