AmeraMex International Inc. (AMMX)

[CanadaIsHockey]

I am long AMMX. A friend told me about this company a while back and I have been following the fundamentals of this company ever since. I decided to jump in last July when I saw a steep decline in the price to $0.005 as the low price at the time made no sense. The market cap of the company went way below what I personally expected it to be at with my DD. I kept averaging down as the price kept declining. I will not be adding any more as I am very content with my position.
I hold a total of 1.5 million shares at an average price of $0.0028

My personal opinions/plan:
For now I am long and strong as I personally believe the market cap of this company is still too low with the current price.

- If not much news after the end of March, my first point where I will consider selling a portion of my holdings will be around $0.025 as I believe even with no news, that is where the company should currently be based on their business.

- If some good news, the stock goes up however that big African deal is not finalized, my next point of sale will be around $0.05

- If there is some huge hype and the stock starts skyrocketing fast, I will sell a minimum of half my holdings at $0.10 (Only if based on hype alone and African deal is not finalized)

- If the BIG African deal is finalized and there is a press release, I will look at selling the majority of my holdings between $0.20-0.25 as that is where I personally would value this company at that point. I will still keep around 100k shares on very long term as who knows where the limits are with this company after finalizing a deal like that.


PS: I just recently decided to finally register and make this my 1st ever post on IHUB. I've been a huge follower on IHUB for US stocks for a long time just reading what others post to give me an idea and a feel for stocks. There is another board I follow for Canadian stocks.

Good luck everyone and may you all have a very happy AMMX 2014 :)