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I would guess that you'll be able to get them for .003-.0035 sometime soon, and yes, I'm saying that it would be tough to sell your shares for .0048, especially tomorrow. The people that are making bank on this are the ones that never hit the ask, and turn right around and sell every share they just purchased.
If AMNE is dumping shares to raise money, which I would think they are(because if they're not, then why the ridiculous increase in Authorized shares?) then they will be selling them when the price is as high as possible which will drive it right back down.
Look at the trend.
First people were saying there was support at .01, then .09, then .08, etc., etc. .
Now they are saying .004 is support.
The only time I ever got AMNE wrong was when I paid more than .003 per share and when I didn't sell after it ran up.
Maybe .004 will hold, but I would be completely shocked if it did.
From your PMs though, I don't think you need any advice from anybody with regards to investing because you have done more than well for yourself my friend.
hahahahaha
Try this.
Set a sell order at .0048 , today's high, and see if your order will ever be executed.
I thought it looked like the support was right around .008 a couple of weeks ago.
That seemed to be the consensus, but I guess the "support" is half of that.
We'll see.
Do the math buddy.
With 10 billion shares in play, they are going to need a #ell of a lot more revenue than the projected $24 million per year.
Good one.
Don't worry, I'll be loading up on the commons again soon and I'll sell 'em to you later if you want.
$4 is your target on CPST huh?
How long do you think it will take to hit $4?
You got it.
Also, I could be wrong, but usually stocks don't fare so well when cheesy email alerts are sent out like that one.
Plus, if you do the math, even if they generate 24 million in sales per year, subtract liabilities and then divide that # by 10 billion shares, and I don't think anyone should be too excited.
They did get it right at the bottom though when they said "Buy low, sell hight. AMNE.PK."
Put an order in at .003 and don't touch it. It will get filled imo.
This guy is an idiot.
He is probably part of some BS class-action suit too.
Hopefully the guy has been loading up on cheap shares.
CPST hit .74 in AH .
Nice.
Objections to Motion of Debtors for an Order Pursuant to Sections 105(a) and 3633 of the Bankruptcy Code Authorizing But Not Directing (I) Washington Mutual, Inc. to Exercise Its Ownership Rights Over Certain Trust Assets, (II) Distribution of Trust Assets, and (III) Termination of the Trusts
http://www.kccllc.net/documents/0812229/0812229090602000000000007.pdf
I think the upcoming run is going to be a lot bigger than the last one.
Very much looking forward to it!
I'm ready !
hahaha
Hey, thanks for telling me about this company buddy.
Appreciate it!
3.75s are getting hit on EROC AH .
It's always a tough call on when to buy, sell, and/or hold.
It's up to you.
I think it will continue to drop, and .003 sometime this week wouldn't surprise me.
Yes.
Look at what happened today.
They announced that they supposedly sold 2 counties and supposedly set a record date for the split. It traded at .0048 for a while and then fell to .0038 with a .0039 close.
If you're in and it doesn't go lower and say goes to .01 , then imo you should sell it all and take your profits because it won't stay that high.
The traders/brokers are buying huge blocks and then selling them to all of you while making commissions on all the trades.
Consider yourself blessed that you didn't buy this morning.
Whatever.
Today is another great example of why you sell on "news" and never buy on it.
Those who hit the ask this morning are already down 10% + and more will follow.
Paperwork has been submitted ?
We'll see.
Sweet!
That is a very, very good thing.
I'm not worried.
I'm not selling for a long time.
This is the kind of company that , if mentioned in relation to EBAY on CNBC and/or other channels , will get HUGE quickly.
Plus, there is an insane amount of excess inventory all over our country right now, and I think they will do alright.
You wouldn't catch me hitting the ask unless there was like a 50 cent spread on these.
Patience pays off imo.
I think you're right.
If "they" want to get sneaky, they will blow through that bid at 22.15 and throw some shares into the $17 bids.
Oh. There we go 110 traded at 24.50, I don't know who would hit the ask at 24.50, but to each his own I guess.
600,000 traded at .0035 and then some idiot dumps at .0032 .
Looks like 23.50 might be the top for today.
Just hit .0034 .
That's what I like to see.
Let's get that puppy back down to .03-.04 .
: ^ )
Check out fre.pr.v if you get a chance.
I picked up about 5,000 shares today.
It is weird, I was looking at the Freddie preferreds last night, fre.pr.v in particular, and today there was a ton of volume.
Very, very nice call!
$5 even .
I wish I would have just pulled the trigger instead of watching it.
What a hell of a move!
Over 50 cents a share this time, so I'm happy.
I've played this one like 5 or 6 times since the earnings call.
hahahah
Love it !
This thing trades like a machine .
I sold out again.
Covered DRYS , BAC, USB, and WFC .
F#ckin' BAC doesn't want to drop below $11 imo.
That was kind of fun, but I think I'll leave shorting out of the equation for a while. Too much stress.
Good old JPIG !
hahaha
Looks good to me. I'll be watching it close. They just picked up some assets from JPM too.
I should have sold when it was holding at 4.94 - 4.95 after it hit 4.98 .
Ended up selling at 4.83 .
As always, hopefully it drops hard later today and tomorrow making the way for another sweet entry point.
I'm sittin' on 2350 shares.
Not a big position, but I like to see the green !
JASO is movin' again. Wooo hooo!