posted
I'm out. Got cold feet. I expected this on to open and run based on the reported financials. moved on to TNOG for the time being. Still think AMEP is a good play, just not today. Good luck to you all. I will be monitoring this stock waiting for another good time to jump in.
posted
AMEP is behaving like a bad boy for now... the volume is nice... I guess it might go better during the rest of the day or week.
Posts: 819 | Registered: Apr 2006
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posted
I look at my local gas pump and cry. I look at my oil stock and I cry. I just don't think I can win, hah
Posts: 77 | From: DFW, TX | Registered: Mar 2006
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posted
Look at that... below 0.10 for now... a lot of people will be selling this one... MM fill up their orders of cheap shares and see it running up this week or the next one... it's typical.
Posts: 819 | Registered: Apr 2006
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posted
R.A. I think you are right. It is starting ot look attractive again. As long as it doesn't go as far down as .09 I think it is ok. This is just a blah day for oil stocks.
posted
There was big expectations about this one for today, but IMO the game is far from being over and we're just seeing the beginning of it. Hold on to it and it will pay off.
Posts: 819 | Registered: Apr 2006
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posted
R.A. Have a look at TNOG. Look at the 3-4 year chart. It is showing a lot of promise over the next couple of months...based purely on chart speculation and past performance. I still like AMEP, but the prior runups are not nearly as consistant as TNOG.
Biggest drawback on TNOG for me is being a pink sheet. Ameritrade doesn't show level 2 for pinks and I hate trading pennies without L2.
posted
Yeah I see what you mean... so your verdict would be to sell and wait for it to be more active... or to keep it on a short term (one week) and see what will happen. It seems to me the market has generally been slow today... but on the other side, AMEP has had a very low volume today compared to friday... must be less excitement about it. I'll se what happens tomorrow and take a decision at that time, but it seems to me to have a lot of prospect on a short term run with the oil price going up like crazy. I got in at 0.0795 si it's still not a loss... of course I could have sold it at the 0.135 we got last week... but I expected so much more out of it.
Posts: 819 | Registered: Apr 2006
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posted
i got out half on friday at .117 just in case it pulled back today and i got out with most of my remaining shares (less 10k) as it was falling back down towards .10 from todays high. i dont think this week will be too productive for amep unless there is a pr of some worth - from trading this stock for over a year it has always ran in one week and then retraced the next, basically a week of mostly green and thena week of mostly red. i fully intend on jumping back in when i see activity is getting crazy again but right now i got my oil money in ndol amhd and tnog. if you are long term then i would still have faith, im still at a loss this year so i cant afford to have my money stagnant right now, but those of you holding for the future dont worry, this stock is destined to make new records for itself.
Posts: 70 | From: Lorton, VA | Registered: Jul 2005
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posted
This may take awhile but oil prices are not going away and AMEP is one of the better micro caps around. Once pert is off the ask and sellers are gone they will have to cover any shorts.
Posts: 660 | From: california | Registered: Nov 2005
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posted
AMEP is up 1% in pre-market trading. I really like this stock. I may reenter the position today. I did take a position in TNOG yesterday as well.
Penny stocks scare the bejesus out of me the longer I hold them. They can just as easily plummet 75% as they can rise 100%...but that is were the potential profit lies.
posted
This is definately going back down some more before it comes back up. I'm sure it will come back up, but the question is do I want to sell now hoping that in 5 days (time to wait for my funds to become available again) the price is still below 10...
Posts: 77 | From: DFW, TX | Registered: Mar 2006
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posted
Listen folks...this is exactly the same things that happened on Oct 1, 05. Brutus...this will pull back hard and you will be in the red for awhile. If you have the ability to hold this for 6 months then you will be ok. I lost some on one of my accounts in AMEP and help it. I got my money back because I was able to ignore my loss for awhile. I do not see this thing running up anymore. If you do then I hope I am not stepping on your toes. We have received the PR's we have been waiting for that took months to get. We got what we wanted and we took the profits we got. This is a strong company (for the pennies) and it will get stronger but it takes time and effort. Stick it out or take your loss. If you stick it out....like I said, be prepared to look at 50% loss for 6 months. Sorry, but that is coming from personal experience from the last run. GL to you,
Ian
Posts: 85 | From: San Antonio | Registered: Apr 2006
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posted
Well, unfortunately I can't hold this for 6 months. I'm out with a loss, but I'd rather have the money to invest in something else than keep it in AMEP while I wait for it to pop again.
Good luck to you guys though.
Posts: 77 | From: DFW, TX | Registered: Mar 2006
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posted
Saw some big sales go through this morning. Possibly this stock is being held at present numbers....I'm still holding....
Posts: 216 | From: Florida | Registered: Feb 2005
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