Im a stock speculator/trader. I use charts to buy into trends. I need your help, would you buy a penny stock amep aka amep.ob Gambling with a good payout. Think about it! Buy so I can sell! LOL Barney
Change of Status I don't know anything about this stock. If you have a position in this penny stock,you may want to change your moniker from speculator/trader to long term investor:laugh:
with all the $$ we all make playing blackjack I dont see why you cant lay down $7300 for 100k shares! LOL If $natgas gets in high $7s amep will be in .10s. About the time the Blackjack cruise is sailing we should have a good hurricane sending $natgas to $12 minimum. Once amep gets some horizontal wells on line the earnings will be exponential to price of nat gas. IMO.
Stacks I dont know how Suzi Orman would feel about a FA being an avid gambler, LOL. Most stocks are priced at true value. For example AMEP has a true value according to NAV and a factored value via speculation. The actual price of amep is about 100% over NAV, but with the company owning two rigs during a time of rig supply problems it deserves a spec added value. As I said, and bwt Im involved in oil and gas industry and have traded the stocks for about 12 years, the earnings of amep are exponential to the price of $natgas. The price of $natgas can find furious spec following during hurricane season leading to winter weather gas drawdowns. So, the door is open to strong even parabolic advances by amep earnings and price. Pure risk is now .024 cents and reward is .28. IMHO Barney
got gas? hahaha Barney, I'm far from an avid gambler... professionally and personally. That partially explaines my aversion to penny stocks in general. I deleted my previous posts to stay on the amep risk/return topic. I was up too late last night :laugh: Im not recommending this company or trade per say, but I like those opportunities that are levered exponentially to nat gas prices without the hurricane damage/shut down exposure in the Gulf. amep has traded .01 to .16 over the past year and is now selling at .07 now. This companys losses last quarter are a lot less then they were 12 months ago. Do you work for one of the companies that amep invests in? Somthing of interest from Technical Focus on Futures Research... ... "The sept nat gas contract shows a tendency to decline during the 3rd week of June through late July. In a 15 year history, this has been correct 13 times (86.8%.)..... Who knows... maybe you can pick it cheaper here soon. Stacks
Nat gas prices The $natgas has been in a funk and I do follow the chart of $natgas. Like I sad I am involved in the oil and gas industry via leases. I am on the other side of the coin opposed to T Boone Pickens etc, I see the price of nat gas coming into equilibrium in about three years as the small companies fill the storage. Companies like amep are springing up everywhere, but still we are deficient in nat gas production in the event of a cold winter. So, I see a very good chance $natgas will climb to 12$+ range by October. At least one hurricane will enter the Gulf spurring spec player into $natgas. All in a ramp to next winter. The cold is the key to high gas prices. As for amep it is a BDC company and is high risk. But two rigs is a good thing. Many companies, smalls, cant even book a rig for months or more. AMEP managers are pure Texas oilmen. Bought a rig from Mexico a good one. They have lease of 7000 acres in Barnett Shale a top nat gas pool. For the most part I play the charts and the technicals are good confirmed by some top technicians I might add. Im not saying put the life savings, but a good risk reward scenario here. Like I said, risk .025 reward .28. On the fundie side some oilmen see amep worth at .25 before new wells drilled. Sometimes the BB stocks force prejudice, as they should, and actually hold the stocks back. Barney BTW Stacks was that you on WSOB with Paul? One was a FA.
Yes Barney, that was me between Paul and Kenny E. I agree on the risk of BDC companies. Valuations of those companies are from a gas appraiser and opinion from the Board of Directors, so can be subjective. Wouldnt it have been nice to pick this up for .01 in Feb? hehe, its easy to be an expert when looking in the rearview mirror. I agree that natgas will be likely be in the 11-15 range again this fall, but if I were to invest in any small companies like this, Id have an open sell order GTC w/ my price target set so my butt would be out of the stock before the price went back down. I looked at the 10k report, but couldnt get the financials since they arent consolidated. How did you come up w/ a 2.5cent risk?
Congrats on 1hr of fame Stacks That is minus commercials and minus 3rd place exit so maybe 35 minutes which is a lot better than 15 minutes LOL. Nice job. I get the .025 cent risk off technical breakout. The fundamental value or a "book" value would be .04 which is NAV divided by outstanding shares. But, the NAV is removed from reserves so it isnt accurate either. amep has no debt because it prints shares to move company operations. BTW I hold shares at .0154! Traded back and forth several times with no losses yet, knock on the safe. Im holding shares at .0745 now as a near term buy along with those way low shares tucked away. Nice typing with you, Barney.
