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im really praying you all took some profits from this last run. You are going to be hurting if you didn't...If you are just buying more to average down then I feel sorry for you. If you swung this play right then you might be in ok shape...But you better know the basics of reading MACD and Stochastic in order to do it...dont buy this unless you have a reason more than a gut feeling. Oil prices or not. Do you think we are making that much money off of 170 barrels of oil? Do the math.
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Just sold AMEP... up a couple of bucks... like 100$... I just didn't want to make a loss there... I might get back in when in stands on a harder ground.
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how are those shares coming IMAK? You have been in this for a little while now. You should know how this thing swings. Why not make couple grand here, couple grand there. I will be back in...just aint gonna watch that great run go to nothing is all...It made 125% in the last week and has darn near lost all of it this week...what is the point of holding profit? Sotck aint worth anything until you sell.
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imakmony2005
unregistered
posted
I did sell right in to the run all shares i sold were for over 85% gain banked 4k, and now i think this is about the bottom so im reloading.
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I agree with you both iamsparticus and imakmony2005.
It was nice to make about a gran on the upswing, but imakmoney my question for you is why not wait and let the market tell you when it has found a bottom? Sure you might make 5% more by calling it yourself, but you risk much more by being wrong?
Of course everyone has to have their own trading styles and I do wish you the best of luck...'cause if it turns I will be right back in there with you.
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gnulnx, to me it is saying bottom might get in to the .07s but im playing for free so, N-GAS and OIL, are big, i see upside now.imo
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I wish you luck. I dont mean to be negative. Just want everyone to be cautious with this right now. We dont want folks to end up like I did 6 months ago and dont want folks to be in Brutus's situation is all. It definitely will swing some more. Just dont get caught standing when the music stops is all. GL...
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imakmony2005
unregistered
posted
I just hate to watch MMs like ARCA picking up shares at .088 to .086 and then, they wont even sell till .135, so many newbs get burned.
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I agree with that too. I certainly did not sell my shares down there or got shaken up. I bought in last year at .04 and sold a bunch in Oct when it was at .13 but bought some at around.12 that I have had to hold for this long until it made its way up there again to not be in the loss.This time I sold half at .14, another half at .125, another half at .105 and am still holding 3000 right now for another run. 3000 aint really gonna make me much but its a couple hundred...that will cover my fees for buying and selling for the month though.
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quote:Originally posted by imakmony2005: I just hate to watch MMs like ARCA picking up shares at .088 to .086 and then, they wont even sell till .135, so many newbs get burned.
posted
Yeah, I would say that I don't want anybody to be in my situation either, but it's not really that bad. Sure I got out of this at a loss, but I know I'm a newb at this whole thing, so I'm only "playing" with money that I can afford to lose.
So, my advice to newbs, don't play with money you can't afford to lose. That way you might end up sad about the money you did lose, but you don't end up in the poor house.
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imakmony2005
unregistered
posted
Gotta pay for schooling, and this is stocks 101.and it aint cheap.lol
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DALLAS--(BUSINESS WIRE)--April 26, 2006-- Oil America Group Corporation, a Wholly Owned Investee of American Energy Production Inc. (OTCBB:AMEP), announced today the Company signed a Letter of Intent with Jacobson Oil Enterprises, LLC to sell and operate the OTIS Subterranean Oil Recovery Pump, a method and apparatus for subterranean oil recovery from water separation, in Texas, Louisiana, Arkansas and New Mexico. The OTIS Pump is both a method and an apparatus for separating oil from water down hole underground. This eliminates the necessity and expense of hauling salt water to a disposal site. The expense of water disposal is eliminated and the cost of electricity associated with the pumping process in many cases is reduced from hundreds or thousands of dollars per month to $25 to $50 per month. This dramatic cost saving is an opportunity to revive the estimated 500,000 stripper or marginal oil wells in the United States and make the wells more economical to produce. In 2005 Jacobson Oil Enterprises amassed 26 proprietary patents dealing with the OTIS pump. "This is new oil recovery technology, which was invented to solve a problem. I am very proud of our development team and what they have achieved," said Hank Jacobson President of Jacobson Oil Enterprises. Joe Christopher, President of Oil America Group Corporation said, "Texas leads the list of states with unplugged and abandoned oil wells and OAGC is in the process of acquiring 20 oil wells in various formations to test the application of the OTIS pump. With thousands of oil wells that are currently non-producing liabilities, Oil America Group has the opportunity to bring this new dynamitic technology to the oil patch at a time oil is trading at historic highs of $75 a barrel. The Company believes the prospect of success is obviously very exciting with the OTIS pump." Charles Bitters, President of American Energy Production Inc. stated, "We are very excited that Oil America Group Corporation, led by Joe Christopher has located and signed the letter of Intent with Jacobson Oil Enterprises to become involved with the OTIS subterranean oil recovery pump. This gives Oil America Group the opportunity to raise drilling funds for oil and gas partnerships but to also diversify into other fazes of the oil and natural gas industry. American Energy Production Inc. expects immediate success with this endeavor." More information and a streaming video can be seen at www.oilamericagroup.com or www.americanenergyproduction.com in the next week.
About American Energy Production, Inc.
American Energy Production Inc. is a Business Development Company. A BDC company is regulated under the 1940 SEC act. That act set out procedures by which a Company once it establishes a majority position in a Company can make a series of further investments in its 'investee.' A BDC company does not consolidate financial statements with its investees and each investee operates independently. The value of a BDC is derived by adding the value of each of the investees. In the case of AMEP, each investee's oil and gas leases and producing properties and equipment will be evaluated by a oil and gas appraiser and then the independent members of the Board of Directors of AMEP will use this information along with other relevant facts and arrive at a value of each investee and the complete BDC. Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
KEYWORD: NORTH AMERICA TEXAS UNITED STATES INDUSTRY KEYWORD: ENERGY OIL/GAS UTILITIES MERGER/ACQUISITION SOURCE: Oil America Group Corporation
posted
I have been holding out I think this PR might right itself and head north again. Almost all oil stocks were red yesterday including the beloved NDOL. Dont listen to me though I am a Newbie.
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UBSS and NITE are walking this back down, and will then let it go up a bit and then back down. They are doing the same thing with NDOL. Love playing games with MM's...
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Picking up volume and heading up!!!! Alot of resistance trying to hold it back but too good a stock to keep that up-it will soon break through.
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imakmony2005
unregistered
posted
YES, and all the MMs are at higher bids now to.hmm up i think.
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