posted
Great news on nauc, AMRE owns controlling interest in. Looks like a gap on Monday. Anyone here?
Posts: 2292 | Registered: Mar 2005
| IP: Logged |
posted
I bought 21,000 AMRE @ 0.048 in mid-August expecting a small run at the time, but despite some brief, minor upturns the stock kept tumbling. Grabbed 9,000 more @ 0.028 in mid-September figuring it had finally bottomed out and would bounce back. But it kept going down; and the company hasn't released any good, substantial news in a while. Their competitors are getting far more press.
Their best asset -- the "robo arm" machines -- runs as a separate stock independently and rarely generates any heat for the parent company, Ameriresource Technologies (AMRE). And the company is losing money .... So I finally gave in and sold today at 0.032, one of the first times I've taken a real loss and accepted total defeat on a stock this year. I was just happy at this point to only lose a few hundred instead of the full 60%+ I've been down for a while. Admittedly I may have sold out too soon, but I figured I needed to forget my pride and greed for a moment and shuffle this loser off before it completely tanked...
Everyone should take into account the fact that AMRE has a LOT of room to bottom out -- it could run back up, sure, but all things considered this puppy could also easily drop to 0.0003. A lot of risk, if you ask me. Unless these guys start consolidating and integrating their various businesses, bump up their revenue streams, or at least work on their PR efforts, we're not going to see any big, legit turn around in their ticker price, just manipulations and small increases at best.
AMRE's roboserver stock (RBSY) has taken some tumbles in recent months as well, but I think it has better comeback potential than AMRE itself. It's a good concept. There are other companies out there with the same idea, but RBSY is pretty cheap right now and the stock is pretty active, with room to move. Still risky, but it's a catchy concept that generates PR, which could cause a run later. Look into it. But I feel so burned by AMRE I don't think I'll touch RBSY just now.
With my luck AMRE and RBSY will both run up huge numbers in the next month and I'll be kicking myself for not getting in or staying in. But my suggestion is for any AMRE bagholder to look for a decent sell price and get out while you can. Come back to this company in a few months and it'll probably still be cheap but it'll be easier to gauge whether or not they're headed in the right direction. If you hold on to AMRE, you're braver than I. But best of luck to ya -- I did a lot of research before buying the stock in the first place, so you can take some assurance in the fact that there is potential here.
Posts: 249 | From: NYC | Registered: Sep 2005
| IP: Logged |
posted
with NAUC going up every day also AMRE should follows
(and btw at this point is much easier to do a double in AMRE than NAUC ...)
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
| IP: Logged |
posted
nice day (i did 026-03 and 028-03) hope to be back in tomorrow (before it run)
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
| IP: Logged |
posted
Good Luck guys--I was in this a few months ago,when it jumped to .26.Made a little money and went back in when it dropped.The damn thing never went back up--so like L B,took my losses and never looked back.
Posts: 24 | From: dade city fl | Registered: Aug 2005
| IP: Logged |
posted
Does anyone have any facts or charts that would indicate what this stock will do in the morning?
Posts: 21 | From: NJ | Registered: Sep 2005
| IP: Logged |
posted
This stock looks like it ready to bounce. If NAUC has a good day tommorow we should see this one follow right up with it.
Posts: 21 | From: NJ | Registered: Sep 2005
| IP: Logged |
posted
back in at 027 (if it follows the last 4 days pattern tomorrow should be a white candle hope NAUC will bounce, but ...)
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
| IP: Logged |
Net2Auction, Inc. (Pink Sheets:NAUC) today announced that it is expanding its business and home pickup service for high-dollar items to be sold on eBay through Net2Auction's eBay consignment service in the Los Angeles market.
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
