LTG - AMEP is a prime short candidate. The longer that Bitters delays announcing well results and the longer it takes finishing up with the SEC (the two are connected IMO) - the more tempting this puppy looks to a short.
I mean come on. AMEP is a little lamb just standing out in a field all by itself. It has "DINNER" written all over it.
The non-shareholders (peeseeker, Mongo and farm) are here to help the shorts by encouraging selling (for example, here's peeseeker a minute ago: "I don't think it's up to the SEC to do something, although if they do it will not be a good thing for shareholders.")
Baaaaa!
For those getting out, they either don't believe AMEP has any assets or drilling projects at all (they must believe the bashers that the company is a scam)...or they want the money for another trade NOW - and among that last group, many may be hunching that it'll be cheaper in another week, so they may be back later.
McQuade - I wish I was as hopeful as you about AMEP having "hit the bottom" but only a PR (or two or three) can stop the slide - and there's plenty of those PRs waiting in the wings...in the meantime, AMEP trades like it had nothing at all going for it. If it gets down to .02 I will probably buy more, but then I would probably wait for even less. Insanity, lol!
What did you say magic? "CB is happy they can buy all those cheap shares maybe they planned it that way."
It does look that way to me too. It looks that way. I trust that that is not the case.
For appearances sake, if not for the share price and the shareholders, Bitters should communicate with his shareholders (even if it's just an update to explain why they aren't releasing any information).
I still think this company is worth a lot of money and will be worth a heck of a lot more.
So these low prices are very good for the latecomers and those wanting to build bigger positions. Congrats AlanK.
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