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Re: MR MUTT post# 28988

Saturday, 01/09/2016 1:07:08 AM

Saturday, January 09, 2016 1:07:08 AM

Post# of 51209
Mr. Mutt, hello my friend I hope you are doing and feeling well. I appreciate what Tyburt had to say. Yes, there is that pesky January effect and it is true that things are not doing so well across the markets DOW, NYSE etc. Some say it has a lot to do with China and some other indicators and events that haven't been exactly encouraging. Most of the time we in the penny market have enjoyed some degree of insulation or detachment from the big boards, I am not an expert but have always thought that there was some loose degree of correlation, my thinking being that the less sound the big boys are doing the more money seeks stability and the pennies are inherently more risky in general. I may be wrong but I think we have had a lot of familiar names basically go silent and I often wonder if they are still holding or if they have gotten out of AMMX. I guess I have to consider that this has been a learning experience for me and so far a very expensive one, but I do know that I have watched some people that had stocks and they made the mistake of bailing out with huge losses when they could have held through the bad times and come out ahead when the situation turned around. That is what I am going to do. I have not found anything else that I would convinced to sell off what I have left in AMMX and put it in another. I mentioned in a previous post that AMMX will come back and I firmly believe that. We do have some very good prospects out there, a good number of irons in the fire. I think we are going to have some big deals for equipment come through in this first quarter. We have not heard anything about prospects in Congo after AMMX went through the process of establishing a business there. I need not list the various multi million deals that are still in the works but lets not forget that there is a lot more out there than just the follow up equipment order from the Mali contractor. Lee just may surprise us with a few deals in rapid sequence and things will heat up for us. There is also the 4th qtr and yearly reports to look forward to and we already know that they will be good as Lee announced the 8th consecutive profitable quarter.
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