I also just want to note, and I have noted this many other times before in my previous posts, but I am new myself.... In fact 4/7/2017 was the day I made my first ever deposit into a broker account for the use of day trading... And it took a few days to process, and then I bought some dumb stock in Verizon (at the time I was exploring the concept of a DRIP stock-- Dividend yielding and reinvestment program)... So I screwed around with that before setting eyes on the penny market...
So I have only really been learning the market as a whole for a little over a month, and penny land for just under a month... Before this, the only market experience I have is the "set it, forget it, and pray it grows over time" 401k typed investments...
I am however a sponge and numbers are my game.... I LOVE math, I LOVE numbers, I love patterns ,etc.!!! My wife constantly tells me I should have been an accountant... I instead went the path of the engineering field (though I am not an engineer- I currently work for the Federal Aviation Administration as basically an electronic technician to their radio and voice switching equipment used by air traffic control to.... well... control air traffic)...
As an "engineer" mind though, I reverse engineer things I see, patterns, problems, etc. The cause and effect, why something happens... I don't just accept that it happened, I want to figure out why it did... And I watch the Level 2 data through the day with a bowl of popcorn like it is some kind of movie... title "Bulls vs. Bears" (someone contact Snakes & Lattes, I got their next top selling game title--- I'll take 5 copies myself even...lol)...
I dove into all this and learned the terminology, what volume means... etc. AMFE's volume has reduced significantly over the last 2 weeks, I watched it... Wasn't long ago we had 8 million or more in volume a day... Just a few days ago the 10 day average daily volume (which is the average volume over 2 weeks as each week only has 5 open market days) was above 5 million, but the past week or 2 the volume has been under 2 million a day, typically 1.5 million'ish even... So... Those day's volumes are added into the 10 day average daily volume weighing the average down... Which now sits at 3.5 million as of close today... Today was an oddity... The volume today was decent compared to the last few weeks, but still low.... Today's volume alone was 3.66 million, which is called average... But today we opened with a large sell off, prices dove and you clowns bought up tons of shares, which is AMAZING.... Today was not the normal, the market actually moved quite a bit today for AMFE... I do noTice though the lower the price per share this stock goes, the higher the volume BECAUSE PEOPLE ARE BUYING UP THE LOW PRICED SHARES like they're on sale..... cause.... they are...
So I think today we learned where the bottom of this thing is... Today was probably the worst I've seen this stock since I entered, infact it is for sure as the lowest I've even seen this stock drop prior to today was the day after I bought in at $0.0789/share to watch it drop to $0.059 and blamed myself for "breaking the market" (jokingly) because prior to my entering this, it seemed like AMFE jumped 10% per day and had the craziest uptrend ever since November 2016.... Immediately after I got in though... Boom... Resistance.... (I'm sorry all.... I'm the problem, lol)... We'll see how this goes but you know what... The stock dropping in price actually does 3 positive things for us that go unnoticed because the obvious loss of money.... 1.) It allows you to buy at a discount... 2.) Consolidates the shares to the right investors, the long term strong hands from the market makers and weak hands... and 3.) Most importantly, it grabs attention!!! A stock like this that sells low will get noticed eventually as a discount value... The lower this drops, the more people will see value in the share price, the more it will gain attention on scanners used to scan penny land for the good trades, etc...
Just because the stock drops in price doesn't mean the gold in your hand is any less valuable... Hell, even literal gold fluctuates in price, but the gold itself never changed... You just have to see what it is you hold... Take the emotions and the gut feelings out of it, and look to the facts...
I'll close with this... Timothy Sykes, renowned penny stock "expert", who is good at what he does, and is legit in my mind- though he has become more of a brand marketer to his branding more than a day trader... But never the less... He once said in one of his free webinars (and I am sure in many other places I'll probably never spend good money to find it) that one thing he looks for is a stock that moves up in value on no news, or bad news... A stock that goes up for no founded logical reason at all, and he short sells the hell out of it because 1.) If it went up for no reason, it's probably coming down, and 2.) 95% of all penny stocks eventually tend to come back down as most start up companies are failures (I don't feel this to be the case though for AMFE- I think this is one of the 5% that will go big)...
So if the expert is telling you he shorts a stock that is up for no reason, what can you likely conclude about a stock that is down for no reason, especially when TONS of good news surrounds it?
I'm new to all this, but I have been putting literal half days into my research... I think any seasoned investor here will tell you I am catching on to it (if not, please, correct me for even my sake, and do so openly so I don't mislead anyone)...
I set sail to learn day trading the penny stock world, and landed long in AMFE... I didn't start off betting the farm here either... I got in small, and read, did research, LOVED what I saw, and put more in, continued to read, research, loved it, put in more..... I started with about $500 when I bought into AMFE.... I now have about $32,500 tied up in this stock at an average of $0.0812/share... My only regret is, I didn't get in sooner, and I didn't leave money available to average down with during these dips- and honestly, I was taken by shock we are experiencing these dips... BUT, they're just the stock consolidating, and that is a good thing!!! I just tapped my magic number for now for "how much I can afford to lose" and you never play with any other kind of money.... EVER!!! I am in though for the long haul as I have a HUGE amount of faith in this company...
Those of you who are new, feel free to reach out to someone with experience... And if you have doubts, take note we had a guy who even sold his own mother on stock in AMFE here today...
I told you........ I read everything here :P
