EP, AMEP is my highest risk/reward stock play. I am certainly not recommending anyone to "fall in love" with this stock as you put it. In fact, I am not recommending anyone to buy AMEP. However, I have a large speculative position there, and so have an interest in the technicals. Bub, who is negative on this company, has made it very clear that he would steer away from owning stock in this company, as well as almost all small Oil and NG plays. His knowledgeable opinion, is based on his experience of being in the Oil and NG business most his life, and is therefore invaluable if you are looking for an Oil and NG company to "hold" long. But I don't think anyone here on the Tasty Booshers board is going to put their kids college fund into it, or any other serious money...It appears most booshers here only hold a stock like this to hopefully make a quick profit, then move on to the next potential boosher. I think most booshers would like to have owned it at the closing price yesterday, and sold at today's close for a quick 45% gain on a sell. This is certainly not a BIPH or CPTC that you would hold long.
That said,... what I am personally interested in is the technicals for a continuing recent boosh. Today it moved up 45% on a high volume of 19.7 Million shares. However that is just the latest, but largest move by far, in a recent trend up off a bottom put in about a month ago. I punched in AMEP on stockcharts but was unable to copy it for display here, do you have to have a paid account there to be able to copy? Is there a technique for copy that I need to know?
Question for you, or any technical and chart savvy boosher, ... Is that the right side of a cup forming for AMEP? And is there anything else technically that I should be observing??? Looking to learn something here, and hopefully make a profit too. TIA to any technical help here.
Disclaimer, not a buy recommendation,... but an inquiring mind wants to know the technicals in this case.
BTW, EP I wish you would reconsider, and let some of us put up the funds for you to upgrade on this board to have unlimited posts. I think most of us like your messages on this "Tasty Booshers" forum. It's a small fee for me, and I assume others here, in order to profit from your technicals and charts with notes. Thanks EP, for all the effort and hours you put in this board, I have found it very profitable in a short period that I have been here.
GLTY, and get Booshin.
... %^ greeneyedhawk
