AmeraMex International Inc. (AMMX)

[BornAtNight]

Good Morning to all. Well, it looks like there was one or two optimistic buys at 0.0164 so far this morning. If there is news out, I have not found it. Over the past few days the value of the bids and asks have increased a little. Full disclosure here, I was expecting this to loose even more ground and to be approaching 0.01 or 0.011x, seems like that was stopped dead in it's tracks as sellers have pretty much held the line above 0.013.
Trade volume is definitely decreased, falling back to "normal" activity at AMMX during periods when nothing seems to be happening. We are dealing with people holding in anticipation, but not too many willing to put more cash in, I think a good number of people have gone quiet or have liquidated their shares. I suspect people will buy back in once there is a period of relative stability at what is perceived as the bottom. Let's face it we were at 0.0358 at the most recent high and we have fallen a long way losing more than half the ground we gained, very scary for people to watch, especially to those that bought in during the rise. I imagine some stop losses were activated.
I feel there is a tension, a wait and see what happens now before and shortly after this Holiday weekend, markets will be closed Monday.