Replies to post #20621 on Amfil Technologies Inc (FUNN)

[Hitman1127]

The bid-ask spread was fairly large most of the day when I checked in? It was likely just small buys at the ask to make it jump up and small sells at the bid to drop it. Typical long short battle but when the spread is over 5% it appears very unstable lol. Nothing to worry about imo

[starkd748]

Consolidation....chart resetting for higher gains...happened @ .02 , .04, now .08...should be .12 sometime by late june early july...i expect more news cycles by then...

[Plowmaster]

If this makes you so nervous on a single day, you might want to think about different ways to invest your money. Nervousness + OTC stocks = lose your money most the time.

Not attacking you at all, just saying it's extremely important to be able to stay even minded on the ups and downs. It looks like you invested maybe $15k back in early April so you should have a nice position. I learned some hard lessons giving in to nerves over the years as well as not selling when I should have.

If you are not sinking more money into it by buying dips, My advice would be not look at the stock at all and come back in 10 weeks to check in. You don't want to stress this churn and you don't want to sell anytime soon anyway.

$AMFE

[User-65225]

My question is why was the chart bouncing from .077 to .73 pretty much all day today? What exactly does that mean? Because it doesnt make sense to me.

Arrow, do you have Level 2? If not, i suggest you get it for at least a month. This will help you understand the dynamics of the intraday action... For a large portion of the day, .073 X .077 was the Bid/Ask spread. Having L2 for at least a short time will help you make sense of this.

Some were also buying and selling small amounts (painting), which was causing it to jump up and down. Longs often paint the Ask, for obvious reasons... but when i see Bid painting, it tells me there are some trying to bait people into selling.

Please explain. With all this news and catalysts coming, why is the stock not holding gains and staying at an even pace?

The trend AMFE experienced over the past several weeks, is not common in pennyland. As much as we wish it so, stocks rarely go straight up for that many days in a row. They have to take periods where they rest/consolidate... Sometimes it happens over a period of weeks/months, sometimes days.

If this was a mass diluting penny stock, i would have already been gone, cause its hard to sustain CONSTANT buying... and if there are large sellers, thats not a good recipe when the buying softens, during nap time.

AMFE is not mass diluting and because of the strength of their growth, i dont see the large holders whom are close to the company selling out of fear... There might be some minor selling, but everybody has to know that this is not the highs for this stock. The MATH supports higher price levels, as long as they keep their current pace of growth, which i dont have any doubt about... In fact, i fully expect growth to rapidly accelerate, making price levels that are hundreds of percent higher seem like a bargain.

If one was lucky enough to time the top perfectly, that is great... but otherwise, i see no logical reason to start bailing on this, especially into a dip. On a GOOD stock, you buy the dips.... If you were on the sidelines, watching this amazing story unfold, you would probably be looking to start entering soon, right? Not selling out of fear when its moving back into the table-pounding buy zone.

If it dips any lower, i bet there will be swarms of buyers... I get PMs (not to be confused with PMS) all the time from people that sold. Some of them bailed before it even reached .03 and they have been waiting for this dip, cause the story just keeps growing larger and larger EVERY WEEK.

IMO .06 is possible if some dumb money gets freaked and decides to bail... but for those of us that have done the DD and believe in the long term story here, that would be where we snatch them from their frail clutch.

... and if it drops any lower than .06, look for a quick bounce with not many being sold.

BUT, news could make .07+/- the low as well... We could see a bounce soon and consolidate the indicators while it climbing (super bullish trend), because the story is verifiably strong. It wont take much to get people rushing back in.