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mirror trading and bids and ask being matched...tells me that shares are not that readily available,MM's may entice for selling soon so expect major bid movement imo.
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American Energy Production, Inc. (OTCBB: AMEP) traded up 24% in yesterday's session from an opening price of $0.051 to $0.063 on 63,298,900 shares, a more than 50% increase in the Company's average trading volume of roughly 40,000,000 shares.
About American Energy Production, Inc.
American Energy Production, Inc. engages in the acquisition, development, production, exploration for, and the sale of oil and gas in the United States. The company, through its subsidiary, Bend Arch Petroleum, Inc., holds 1116 acres in Pinto, Texas, and also a 50% interest in 400 acres in Parker County, which includes five producing natural gas wells, as well as natural gas pipeline. American Energy Production was founded in 2000. The company was formerly known as Communicate Now.com, Inc. and changed its name to American Energy Production, Inc. in 2002. The company is based in Mineral Wells, Texas.
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nattty: tell me about it, i was thinking the same thing. I did the math and decided to sell some at 0.066 and buy back lower, but I just couldn't do it. Oh well, we're still making money here... can't be too unhappy with 100%+ gain and still going!
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I mean I guess malone. Ill take what I can get, I just get that bad feeling that im gonna sell 30k, and it goes up to .07 and then i miss out on 1-2 hundred dollars, lol.
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probably get more frequent dips on very small percentage drops and close gap between bid and ask throughout the day,some on the other board are trying just that with trading but have yet to get in at the same or lower level.
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Yea that's my worry too. I'm especially worried that if I try to flip this right now a PR will be released while I'm out and I won't be able to get back in for the ride.
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I am not selling until .2. That way it will pay for my 30k lot for me and my fiance to build a house on. But this thing will be anywhere from .5-1.5 IMO by April.
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At 10:30est, I think they will be releasing a lot of info on NG and OIL and what is predicted on CNBC. So might wanna check that out.
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mmalone...even without a PR have you notice these short spurts on the dips? If you did not sell right at open I would surely not sell now because I doubt you get back in cheaper since many set buys have just been hit on that .0589 dip and it only lasted about 30 seconds.
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nattty: yea, the government releases inventory data every wed. around 10:30... usually leads to some quick corrections in ONG stocks.
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Quest: yea I'm not going to sell now. I'm going to hold on until at least after the PR. If I do sell I'm not getting completely out, just enough to lock in a gain and maybe do some flipping with that money.
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Well, we are starting back up. Yeah that sell early would have been perfect but oh well. I can still smile because im seeing green the rest of the day probably.
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That dip imo was pure DTs, in for the swing, setting themselves up for the rest of the day. The dips for the rest of the day will be negligible.
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A tropical wave along 80 west south of 21 north is moving west-northwest at 12 knots. During the past 24 hours the system has developed a mid-level circulation. However, the lower level circulation is still not well defined. By later Thursday, the wave will be in the northwestern Caribbean. Current indications are this should become better organized Thursday as it heads in that direction. If this process continues then a hurricane hunter aircraft will investigate this feature later on Thursday
3 storms in the works now,major one coming from Africa again. Natural gas about to hit $14 and still climbing...crude just jumped up again on bad reserve reports....distilled (heating oil) also on a rise again. _________________
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