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Congrats! In regard to PYPR, sure looks like bottom, but I'm watching to see when the Williams%R-9 crosses the 50, and for the close price to be above the 5sma and the D+ in the ADX/DMI-5 cross the 20 to the upside. I'm hoping that'll take a few days so I can use a few gains from AMEP! We'll see.
Interestingly, ERHE and AMEP are both on the threshold of forming Golden Crosses. This is very bullish based on past history in both stocks.
OT Bill, what are your thoughts on the Golden Cross that is taking place on AMEPs chart and the Cup and Handle at its base? The last two GCs on AMEP were followed by multi-baggers. Does it look the same this time? Thanks.
Yes, it looks like a good time to do a little NG shopping. In two weeks we will reduce the current excess over the 5 year average of 375 BCF by a minimum of 200 BCF. That's a substantial reduction and it will likely result in a rally in natural gas prices and related equities. So glad I did some additional shopping a few months back (in the .02s and .03s) at the local AMEP store.
The long-awaited Oil/NG production numbers from AMEP should start to flow after the shareholders meeting on March 13th to dissolve the BDC. This great news (post market today) comes at the same time a Golden Cross is about to take place. Now, the interesting this is, the last two times this has taken place with AMEP, multi-baggers followed. Also, chartists will be interested in the Cup and Handle formation this is launching from.
AMEP's season Gold Rush season is now supported by some great news (post market today)! The long awaited proxy news comes on the threshold of a Golden Cross (developing at an unusually sharp angle - very bullish). Interestingly, the last two GCs for AMEP were followed by multi-baggers. After the shareholders proxy vote to do away with the BDC status on March 13th, the delayed oil and natural gas production PRs will begin to flow. Word on the street says that one of the wells is a monster (Padgett).
Also, worth noting is the Cup and Handle formation this is launching from. Looks like a Penny Mover on Friday and a Gold Rush stock for the coming months. GLTA
Talk about great timing! AMEP is on the threshold of a Golden Cross (the last two GCs were multi-baggers) on the very day the long awaited Proxy news was issued. This will be one to watch closely in the next few months. The back log of PRs about well productions should start to flow after the shareholders meeting on March 13th.
4Godnwv, Looks like AMEP is ready to continue its climb to 10 bagger status!
Thanks much, Sabre, a lot of good stuff to ponder and learn from. As a rule, you seem to forget the news or the anticipation of news and look at the chart. As I get more into TA, that mind shift has been monumental for me. Just wondering: in a situation like we have now with AMEP -- where we are anticipating news of a positive nature in the short run (like early next week) and down the line a few weeks following the meeting with the dissolution of the BDC and PR production reports, how much do you factor this type of news into your buy/sell decisions? Or do you stay strictly with what the chart is telling you?
Thank you for your site address, 4God. I'll be back in touch.
4God, is your T/A 101 site on ivestorshub? Thanks much.
Mongo is a cunning deceiver who should banned.
Many thanks to the I-Hub's Moderator and Assistants in maintaining the quality of this board. RB and Yahoo's AMEP boards have now become a waste of time.
Jim Sinclair’s Commentary
Great for the Cando, but not so great for the greens.
U.S. urges 'fivefold expansion' in Alberta oil sands production
Wed Jan 17, 10:45 PM
CALGARY (CBC) - The U.S. wants Canada to dramatically expand its oil exports from the Alberta oilsands, a move that could have major implications on the environment.
U.S.and Canadian oil executives and government officials met for a two-day oil summit in Houston in January 2006 and made plans for a "fivefold expansion" in oilsands production in a relatively "short time span," according minutes of the meeting obtained by the CBC's French-language network, Radio-Canada.
The meeting was organized by Natural Resources Canada and the U.S. Department of Energy.
Canada is already the top exporter of oil to the American market, exporting the equivalent of one million barrels a day - the exact amount that the oilsands industry in Alberta currently produces.
Thanks, Ken, for your review and assistance today.
Ken, do you have anything posted which gives the indicators and parameters you use with weekly charts? Many thanks.
It looks like a good time to strongly consider buying: With the Aroon set at 8 day and the MACD Histogram set at 5,15,10, we're looking at a classic setup for an upward movement, in this case a continuation pattern. Also, it is good to see that this move originated at the lower bolli a few trading days back.
Looks like a "Money Mountain" set up with AMEP today. Will it soon open up into a continuation pattern -- a HalfMast?
It appears that this period of congestion (which usually lasts less than four weeks) may be about ready to break up, forming a nice Measuring or HalfMast Pattern.
Mom2jbk, I know you from the AMEP site and thought you might be interested in the following: I used this snowy Saturday afternoon to learn more about and manually apply Ken's "Magic Box" and "Landslide" setups (thanks, Ken!) to AMEP's chart over the past two years. It was a great learning experience. Bottom line is that I came up with 7 buy opportunities and 6 sell opportunities during this timeframe. A $1,000 investment on January 1, 2005 would now be worth 38,318 according to my calculations (and I used conservative buy and sell prices for the 13 transaction dates). I'd be happy to compare notes sometime.
Many thanks, Ken. I am now doing something I should have done earlier (i.e., read the materials you have made available able above!) and doing a paper application to a few of my favorite stock over an extended period of time in order to get more familiar with the concepts you have generously provided. Hope your day at the track was enjoyable.
In regard to my earlier post, I see now that you are using 5,3 5 for Full Stoch. Thanks.
Thanks for your work. Two questions, on your "The law" list, should #5 Full Stoch 5,5 be Fast Stoch 5,5? Full Stoch requires an additional parameter. Also, on your updated list, did you intend to provide no grade for AMEP in the pre-gold section?
Sabre, your friend Gold Runner / Nelderand would have a field day with these charts! Thanks for sharing.
Before I call Joe to suggest an idea for organizing a tour of one of the operations for intersted meeting participants, I thought it would be helpful to obtain feedback/insights from those already familiar with the locale and consequent logistical implications. Here's the proposal:
If the meeting was held on an afternoon (say, for example, Friday, February 16th), would it be possible to visit one of the operations (say, for example, Padgett 11 and 12) at 10:00 or 10:30 on the following morning? To help organize such a visit, investors interested in this opportunity could sign up in advance with Joe and be given the directions and perhaps the option to car pool from a designated location.
If there were a large number of meeting participants interested, perhaps two or three different times could be set, say at 9:00 AM, 10:30 and noon. What do you all think?
AMEP looks like a 6 bagger within the next 2-3 months. With the BDC issue soon to be resolved, the oil and NG production PRs will begin to flow. Excellent entry point at the present moment, IMO. A good place to start is on I-Hub's AMEP board (you'll find many threads for follow-up DD). GLTA.
Very interesting; thanks, Contractor.
Yes, a lot of games. Yesterday, I had a bid in at .0575 all day which they never took, even though many shares were sold at .057. Doc, hope to see you in Dallas (next month?)
I added today as well. IMO, the risk/reward at this point is excellent. Best to all.
A little more DD to add to the earlier post on AMEP's new pump (thanks, again, GEH):
I understand that the pump has been tested in another region outside
Texas, and was 'very' successful.
A solar powered battery set up will be used for areas without
electrical service in the field. That will be a major advancement in
oil recovery with that set up, and the daily operational cost will be
near zero.
A stripper well is shut in because it produces one or two barrels of
oil daily, but is not cost efficient because of the cost to run the
jack pump, plus the high cost to haul off the formation salt water,
which can be a significant amount of water barrels per one barrel of
oil. Now with the Otis pump, 30 to 60 barrels a month is highly
profitable without the former expensive overhead. At $57 a barrel for
oil, that comes to $1,710 a month per stripper well that produces
only one barrel per day ($3,420 a month per 2 barrels daily) - not
bad at all, since near zero dollars is the other option. Now multiply
that times an entire field of stripper wells - and the income could
be quite large. Annually that comes to $20,520 gross per single well
producing only one barrel of oil daily; and $41,040 gross for 2
barrels daily per a single well.
I think there will be an option to take a percentage of the well for
a discount on the pump. Again this is a win-win, since the operator
will recover oil and income that it could not do without the pump,
and AMEP/OAG builds a monthly oil sales income plus profit from Otis
pump sales.
I think this pump will be highly successful and in demand once it is
marketed by AMEP/OAG and the word gets around to all those land
owners and field operators of marginal stripper wells, and wells that
have been shut in because the overhead exceeded the profit.
FYI and AMEP DD,
... %^ greeneyedhawk
AMEP will soon have a new product.
check this out: tp://www.oilamericagroup.com/supply_store.asp
from another board (thanks greeneyedhawk):
AMEP's wholly owned OAG will be selling the Otis oil pump through it's online store in the future; which will be a big deal, since it removes the oil without bringing the formation water up, and the pump runs on a very cheap energy cost as compared to a jack pump on stripper wells. The oil recovered is almost all profit using the Otis pump less a buck per day to run the electrically operated Otis pump, where as before the cost of operating the jack pump, plus the very high cost of hauling off the formation water, took most of the profits from small stripper wells, causing tens of thousands to be shut down with much of the oil still in the formation.
The pump does not run continuiously to be fully efficient, and OAG is considering powering the pump with a solar charged battery set up for areas without electical service, to bring the cost of operation to near zero dollars per day. The Otis pump is one of those win-win situations for a new technolgy advancement in oil recovery.
There are tens of thousands of stripper wells that could be brought back to production using this new technology. The present price of oil and the future price of oil, will make these pumps a practical and profitable consideration for all those low producing stripper wells with a low profit margin, and wells shut in because of the expensive overhead to keep them operational.
Know that much of the oil is still left in the formation once the pressure is exhausted, and the well is shut in. The Otis pump solves that problem in a profitable way.
I think the otis pump will be a high profit item for OAG and AMEP in the future.
... %^ greeneyedhawk
We have a B rank for this month,(pre-gold rush}
http://www.investorshub.com/boards/board.asp?board_id=3424
A good primer on naked shorting:
http://www.businessjive.com/nss/darkside.html
My sincere wishes for a Blessed Christmas filled with joy and love. May the blessings of this season be yours in abundance and may you all have a New Year filled with peace, health and happiness!
Thanks, Doc, for the advise regarding how our accounts are set up. I discovered that my old e-mail address was still on my three accounts. Merry Christmas!
Yes, and the type of macd -- positive divergence -- which is usually the most reliable and leads to the biggest moves! Thanks, ltg, for pointing this out.
Nice volume. However, IMO just a shadow of what will be coming in the days ahead!
Well stated Silver. I'm thinking we end the day at .073 - .075 becasue of anticipated Proxy. We'll see.
AMEP
(Gold4us) Dec 13, 12:56
AMEP is going on its sixth straight strong up day on higher volume. Whether it does any retesting or not, it looks go to go.
http://stockcharts.com/h-sc/ui?s=amep&p=D&st=2004-12-14&id=p15555091361&a=71782470&a...
http://stockcharts.com/h-sc/ui?s=AMEP&p=D&st=2001-01-19&id=p18043375449&a=77381758
On Goldrunner's chart the next resistance should be at about 10c. If it breaks through that into the main channel, then we're looking at $1-$1.30 by March or so.