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You're welcome :)
anyone have access to Level II on PBLS? I'm thinking that the bid/ask is basically a low volume bell curve...can anyone verify?
I don't think the correction is done...if you follow the peaks/valleys curves on a 5 month chart, .07 is not the bottom....the question to me is will we hit the bottom before the drilling starts?
thanks for the encouragement, all :) as most of you know I'm a relatively new investor, and despite the wealth of stock knowledge I've picked up in a very short amount of time, I have not mastered the art of buying/selling. Mac44 warned me to sell back at .12, and if I had I'd be sitting on a great repositioning. Looking at the longterm chart the valleys are following an upward curve that would put the stock right around .05 in a few days or more.
Makes sense, too...the MMs know that drilling will start in a few weeks, and since there was no PR prior to today, the MMs are smart to drop the price down because their repositioning will mean alot of profits when the drilling announcement comes.
I just hope I get back in it before it's too late...unfortunately I will be out of town Friday and Monday, so I've put a GTC order in just above Mac44's target.
Thanks again, all....love this board and the people on it.
mac44...I hope you're right...I pulled out at .079 to break even, thinking it would continue to drop, and now it's at .084...I hate dumping stock I believe in to prevent loss.
but if I already own shares, and know that the price will go back up once they announce they are drilling, wouldn't it be better for me to not take a loss and just wait?
so...how long do we get to wait for another chance to not sell ;)
why? why is that bad news?
hey, what's with the 200 share buys/sells at .04 and .03...is this some kind of MM code?
I think Streycat is right...lots of sellers, few buyers.
I just don't understand why that PR doesn't generate significant buying power
Guess the PR should have come a day earlier
hmm, someone on another board suggested a falling pattern on the candlesticks...I don't see it, but this guy called the drop off from .14 right on the money. Is it possible for that pattern to continue given the PR?
American Energy Production, Inc., Announces Two Year Extension with Distributor of Maker of AMEP HOA-800
MINERAL WELLS, Texas & BROOKLYN, N.Y.--(BUSINESS WIRE)--Oct. 4, 2005--American Energy Production, Inc., (OTCBB:AMEP) announced today that a new two year extension of its exclusive marketing agreement for the heavy oil additive AMEP HOA-800 has been signed with Nature's Path of Brooklyn, New York. Two years ago the original agreement was put into effect to market Nature's Path private labeled Wellvive as AMEP HOA-800 in Texas, Louisiana, Oklahoma and New Mexico. Over the past two years, AMEP has used AMEP HOA-800 on numerous oil wells and has determined that by combining heat with the infused additive there is a significant increase in oil production from a given oil well. Accordingly, AMEP is extending the marketing agreement and purchasing the third multi-drum allotment of AMEP HOA-800.
Lorin Weils, Nature's Path CEO stated, "We are pleased with the success that AMEP has achieved with Wellvive and we look forward to the additional oil production the company will obtain. Nature's Path is pleased to work with AMEP as a strategic partner in the development of our product into this enormous additive market."
Nature's Path is a multi-product company that specializes in solutions for the environment by marketing All-Natural products derived from edible plant based minerals.
Wellvive is one of Nature's Path's premier products and has shown it will help reduce viscosity of heavy oils within formations and dissolve paraffin and asphaltines that are present in most heavy oils.
Charles Bitters, President of American Energy Production, Inc., said, "AMEP is pleased to receive the two year extension of the Marketing Agreement with Nature's Path to continue to test and treat the Production Resources, Inc., another AMEP investee's heavy oil wells with AMEP HOA-800. As we announced several weeks ago the oil production increases in the past two months are very encouraging since the company began adding heat to the treatment.
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.
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20051004005....
I guess the real question is, how far is the retrace and when does the rebound back into growth start?
mac44, how did you know?
cripes, here comes the MM shake...brace yourselves.
I tried selling back at .125, and the bloody MMs didn't sell it until .113, then they wouldn't fill my order at .115 despite the ask being at .116
MMs really **** me off sometimes.
perhaps, mac...but I'm not convinced I should have. If I had sold at .14 and bought back at .129 that would've been less than 10% gain, which with the amount of money I have in the stock isn't that much. To me it wasn't worth the risk.
That having been said, the MMs have kept the growth between closes at around 20-25% in the last couple days, so there's no reason to believe they won't do it again.
Looks like at .133 the Level II is showing a ton of bids and few sellers within .002, so we may see this go up again. There might be a bit of selloff at the EOD due to the market pulse PR this morning
hey hawk, what is the proper way to calculate PPS based on expected revenues?
price dip preparing for the buy run between 3:00 and 4:00
hmm...maybe you're right, who knows. I certainly don't know where it's heading. But I would think that if this is an upward correction by the MMs covering positions during a buy spree, the trend would probably end at the PPS that suits the company's worth at the current DD estimates, or just a smidgeon below.
why do you think today is the top?
AMEP's HOD is .143...I almost sold at .119 but pried my finger off the trigger....glad I did. The volume is currently at 63million...we are close to 100% higher volume at this time than most of last week. Truly unbelievable.
that having been said, I have a threshold below which I will sell....but we're far away from that :)
patience, texas...remember alot of sub-penny investors will be profit-taking above .10...someone mentioned earlier that the rise to .2 would take much longer, and they're probably correct.
greeneyedhawk, I cannot express in words what your DD has done for alot of us new investors. Not only did you get us in on a great stock, but your work has taught me so much on doing DD and company analysis. You are a true philanthropist. I owe you a drink and a cigar :)
9.5 million shares in 8 minutes of trading...crazy
NOW I see why the MMs didn't allow .10 last week...because over the weekend more interest would develop, and on Monday the bid/ask would start above .10 before the market opens. That way the .10 sellers from last week moved their ask up, and thus the price goes up. Very clever....
agreed oilfan :) now that's what I'm talking about. well done :)
In lieu of that post and the SEC rule, if all of us put in paper shares requests, would that cause the MMs to buckle?
then this is the board for you...it was created for PBLS and PBLS stock like AMEP, and sports
http://www.investorshub.com/boards/board.asp?board_id=4459
oilfan I love your enthusiasm...but your numerous positive cheers (and news posts which are great but not official) are starting to sound kind of pumpish....you're not pumping, are you?
Personally, I'd prefer no blanket pumping...this is a great stock and the rise this week has been accompanied by some great DD, chart evaluation, and trade analysis. Let's not jinx it :)
Vanderbilt vs. MTSU: Vanderbilt favored by 17 POINTS.
Holy cow!!! That was the upset of the weekend in my opinion. Vandy was undefeated, MTSU hadn't won a game yet...Vandy beat Ole Miss earlier in the season, MTSU lost to North Texas for cryin' out loud.
I watched that game from home and my jaw was on the floor. MTSU won in the last 3 seconds of the game by blocking a field goal that would've put Vandy up by 1. MTSU made Vandy look like a chump college team again, and they did so in Vandy's own back yard.
Truly unbelievable!
Boy, that's kinda disheartening...I wonder how companies ever make it out of the OTCBB; one would almost be better off not going public until they are able to enter nasdaq or nyse
ljk
I here you about watching something climb then fall sharply...I posted earlier (either here or on PBLS) that I bought in PBLS heavy (for me) at .116, on a wim, without looking at the charts or doing proper DD. I will never make that kind of mistake. On Monday I started reading the DDs, and I watched AMEP all week before I got in at around .06, then again at .09.
I also don't have a large position in AMEP...about 12k shares, but at the time I bought in I wish I'd had 4 times that. When PBLS recovers I will take some buy power out to put it in AMEP since it is clearly moving forward.
If it does pull back, I don't believe it will drop to .07...at least, not without significant warning! The reason I believe this is that I was following Level II all week and the MMs have their legs wrapped around this stock like Anna Nicole Smith and the family fortune. If you look at the charts on the way up, they had a very healthy curve: steady rises with occasional 'breaths' by the MMs to reposition and shake out the flippers. If they don't do this they run the risk of something like PBLS or ACHI's great falls, which now leave the MMs without shares in the float and large positions they can't cover because the only shares left are in the hands of longs.
There were several times during the last hour of Friday that I had an order ready to go at .092, because I was afraid the sell-off was coming. Not only did it not come, but the buy volume went way up, which I find to be nearly unbelievable on a *Friday* after a week long upswing. There is A LOT of strength behind this stock.
As someone mentioned on one of these boards, the likely reasons it didn't break .10: lots of sellers at .10, few or no buyers at .10, lots of shakes to make sure that their position is strong going into next week (particularly if there is positive PR!), want to close near .10 so that on Monday they don't have to play the game they played on Friday. It will probably dip a bit, but I don't see any indicators that it will drop below .09. We'll see :)
Where's Howard Kosell when you need him :) Today would've made a great play-by-play drama
it seems to me that the MMs got nasty screwed when they naked shorted, and now nobody wants to buy in at this price, so the MMs cannot cover. so they just decide not to fill any orders accept from people who are selling. no proof of this, of course, but if I was a sneaky MM I'd do it...well, because I'd be sneaky that way.
I wonder if this weekend's transfer of management to NASD will resolve this? PBLS is bound to be on the SHO soon.
Yeah, that does make good cents (haha, it's Friday and I'm allowed to pun). What's weirder is that I've heard buzz going around the some people will buy once it hits .10....like the ball balanced on the tip of a needle.
ha ha, TFN. No kidding....it's just a number that's .0001 above .0999. Why do you think the MMs are resisting .10 so hard?
.099-.0999 here we go again...I haven't had this much fun since the Atari 2600 came out :)
i'm tempted to buy at .10 anyway just to piss the MMs off
for pete's sake MMs just let .10 go!!!!