posted
Would they let this run that well on a Friday or hold it till monday after they have shaken out the people that will not or are just afaid to hold on a weekend so they have to buy back in a little higher.
-------------------- Lookin for the money Posts: 353 | From: CA | Registered: Apr 2005
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quote:Originally posted by gnulnx: It does look like a little wall at .11, but in reality that won't be much at all if she breaks up.
We dropped through .10 with a buy of 999...or so L2 said.
you are right, slight wall. but i watched it bust through like 9x.13 this morning in about 5 seconds, the volume this generates can shatter walls with some buying pressure. MM's are playing, but so are we. GL!
Posts: 2741 | From: Seattle | Registered: Feb 2005
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posted
farmgirl poses a very good question. My guess is it won't go down more than 10% more. Just a gut feeling.
I think redmax is also right. It looks like a descent base was formed around the .10 range.
Honestly I can see this one going either way tommorrow. But I don't see a HUGE drop at this point.
At the end of the day farmgirl is right in that oil is a great play right now and probably through the summer. Doubt I could hold a penny stock that long, but who knows.
Looks like we might close just under .10 as the day traders leave their positions. No volume tho.
posted
If it drops 10% that would put us at about.09. I think we might even see a .0899 tomorrow. Either way tomorrow is another buy day for me. I am more then willing to hold through the weekend. This will go back up next week. All I have to do is look down the street to know thisis true. Gas wnet up .08 cents last night and another 3 cents since this morning in my neighborhood here in California. I will be glad that I can use my feet instead of my car to get as far as the computer to work this summer. I feel sorry for SUV owners. I saw 1 estimation that Reg. unleaded gas in California would go from 2.80 a gall to 3.50 plus by Memorial Day.
-------------------- Lookin for the money Posts: 353 | From: CA | Registered: Apr 2005
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posted
Well, why I bought into this stock so readily as soon as I found out about it is I'm about an hour away from Mineral Wells (their HQ). I've been seeing and hearing about all the wells they're putting up literally every place they can find. You can ask anybody and they personally know at least one person who has gotten contracts to put a well on their land and get a percentage of the proceeds. Right now this is a hot topic in TX and so I felt the stock was looking ripe for the picking.
Sure, it's down 4 cents from where I bought it, but I'm willing to hang in there, I definately see this heading back up soon.
Posts: 77 | From: DFW, TX | Registered: Mar 2006
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posted
Brutus, I know a drop like that hurts. I have certainly had a few myself. I used to try and buy the mid point of momentum rallies. Now I either catch them at the beggining or I wait for a big pull back...like AMEP today. I would rather miss a rally all together than accept the risk of buying at the top with the herd.
I think you may get your money back if you hold...heck I am betting on it with my own money as well! :-)
posted
Haha, well here's a story about not wanting to buy in the middle of a rally (which is probably why I did today).
About a month ago TDFXQ was at .08, and every few months it would go up to about .16 and drop back down.
So I was in at .085 and it jumped up to .12, looked like it was going to drop back down so I sold, and it promptly went to .19 (I think something like a 2 year high for it, maybe more).
So I'm disappointed, but happy I made a nice profit. Until it continued on to .22, .25, etc., until it hit .33 and started slowly dropping again.
I'm happy it's dropping again so I can get back in, then at .23 (today) it jumps to .35, and 5 minutes later to .40.
I could've flipped this stock so many times it hurts to think about it, but then again hindsight is 20/20 *sigh*
Posts: 77 | From: DFW, TX | Registered: Mar 2006
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posted
Seems to me that the value of this company with oil going into the stratosphere is one thing and the manipulation of it my the mm's is the reality. If people wouldn't be bid whacking they would have no choice but to let it go higher or get squeezed. Amep is one of the otcc oil companies that actually has some positive cash flow . I think it will soon start upwards once all the shaking is done. I wouldn't be surprised if it gaps up tomorrow after traders see the dailies and low entry.
Posts: 660 | From: california | Registered: Nov 2005
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posted
I got out of this stock and OMOG today. I sold OMOG the first half hour. AMEP I sold at the peak thanks to OMOG foreshadowing the plunge after the run up.
Take note of both the OMOG and AMEP charts, AMEP run up and fall was about 30 min right after OMOG.
So I sold all based on warnings fromOMOG. I might buy back next week after Oil settles a bit.
Posts: 1227 | Registered: Feb 2006
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posted
IMO? Anyone who bought at 0.14 in October of last year that never got out, got their chance today. Hopefully they are all done and we move upwards from here.
-------------------- 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
Well even accounting for the people who were holding out for .14 to sell so they could break even it still doesnt explain the dip into the .09's.Imho amep will be back to the 07-08 range in 2 weeks.
Posts: 64 | Registered: Apr 2006
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posted
I think we established a nive bottom resistance. Should go up tommorow. This stock is definitely worth a heck of a lot more then 10 cents.
Posts: 383 | Registered: Apr 2006
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Rochester, NY, Apr 20, 2006 (M2 PRESSWIRE via COMTEX) -- otc-advisors.com's names Collectible Concepts Group, Inc (OTCBB: CCGI), American Energy Production Inc. (OTCBB: AMEP), OMDA Oil and Gas, Inc. (Pink Sheets:OMOG), Pangea Petroleum Corporation (OTCBB: PAPO) and Alcar Chemical Group Inc. (Pink Sheets: ACMG) its "Bulls in the stable."
Rochester, NY, Apr 20, 2006 (M2 PRESSWIRE via COMTEX) -- OTCStockExchange.com's "Stock Watch Alert" this morning are Benacquista Galleries, Inc. (OTCBB: BAQG), American Energy Production Inc. (OTCBB:AMEP), OMDA Oil and Gas, Inc. (Pink Sheets: OMOG), Patriot Scientific Corporation (OTCBB: PTSC).
I think you may have to be a member to get the actual alerts as I couldn't find anything on the sites.
Last night while assesing my opinion of today I came to the conclusion that I still like AMEP, but I believe OMOG may be the better play today. In any event I am gonna ride out AMEP a little longer. I am a little more over extended in this stock than I would like to be, but I have banked 50+% on every other stock this week so I can take a little more heat than normal.
posted
its starting to pick up some momentum now. only with some serious volume can i see this move the way it did yestarday, eitherway, all those shares bought yestarday will inevitably be sold off so i think we will see a rise in volume this am, perhaps people are waiting a short while to make their decisions on the markets feel today.
Posts: 70 | From: Lorton, VA | Registered: Jul 2005
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Once the frac water is removed they will be able to get real numbers from the well. The most important thing is that THIS IS NOT A DRY WELL, and they already have approval to drill the next hole. The permit has already been inked, and it's a done deal.
600 PSI on Hart #8 Meter..................WOW!!!!!!!!!!
AMEP owns 100% of the the 7000 Barnett acres. How?, upper zones that are producing include the deeper rights. THIS IS KEY as many much bigger O&G companies do not have anywhere near that %. The last 10K is NOT up to date on the above Barnett valuation. Rig rates in Texas are rising daily and $7000 per day is not unusual......know that that is d**n near net because demand is so high for any rig and the producer NOW pays all costs like mud, water, bits etc. That used to be included....no more.
AMEP:
1. wholey owns 2 drilling rigs with capacity to drill 8,000 feet...much deeper than the Barnett......read.... at least one rig will provide a great cash influx drilling for others and the other rig will drill for AMEP AT COST thus making the net bottom line, to pay off any company well, much smaller.
2. NO DEBT
3. As of today, AMEP's 7000 Barnett acres have NOT been evaluated as to it's true potential.
4. Very low overhead as the company has a very savvy CEO that is INFIELD daily running operations.
5. Upper Zones wholey owned that in themselves can sustain PPS increases in these climbing O&G rates....Thank you China.
6. Steel prices....read casing, pumpjacks etc. are rising 5% per month in that Barnett boom. AMEP has wells to plug to use in new wells...very important to the bottom line
7. AMEP owns a pipeline that is a revenue source. This is never talked about but is a cash cow.
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