3SOF

Thanks Elite, I sold a little under half of my position between .0245 and .0247 .0248 and .0249 just incase nothing of it happens.. If this continues for a few days then I will be filthy rich  

My Pie looks much better now after letting some shares go.. Hope I won't second guess me sells tommorrow.. On a technichal standpoint if this one takes off again tommorrow on the high volume does it fall into the paramaters of a G Pattern?

Quote from: David Randolph on July 16, 2005, 02:38:18 PM
Another hammer on AMEP.OB, the third in a row. This one had higher volume, with more than 7,000,000 shares changing hands. It looks like AMEP.OB is rejecting prices much lower than $0.017 and it is just a matter of time for the stock to take off on a white marubozu.

David,

I don't know how you do it but sure am glad you do. I think we got our white marubozu today!

31mil volume today.  For those about to rock!  No smites here.

David was Dead on with the technichal anylasis on this one.. He even told us as soon as it decisively climbed over .017 it would run right up to .025.. Amazing

applaud saffey and trunk both, just dont worry about smites 

Nice work David !

-Jeff-

So now we can look for the pps to break the .028 barrier giving us a double bottom formation. If that happens it is off to the mid .04s...

Thanks for your comments 

AMEP.OB made the expected white marubozu to the $0.025 level. Now, is it going to breakout to higher levels?

It looks like the answer is yes ! You see, when the stock came down it didn't quite make it to the support line around $0.011, we've had a lot of hammers suggesting bargain hunting (I don't know if AMEP.OB has any fundamental value, Michael says it doesn't, but that's not at all the motive why I bought this stock in the first place).

The fact that the stock wasn't able to hit support before it rose again through resistance tells me demand is stronger than supply. Also, volume didn't dry up on the way down, and volume this time is higher than on the prior advance phase.

If AMEP.OB closes today above $0.025 the technical target of that breakout is $0.044, so if the stock starts rising above $0.025 today expect another mighty powerful white candle.

What is going on with AMEP today?!? 

Still no news on Nash C-1...
Wait for  that..

One doesn't have to check price of oil, oil-related stocks are down. (At least all of mine are!)



I guess this is a good time to add?

http://www.stockhouse.com/news/news.asp?newsid=2845450&tick=AMEP
American Energy Production, Inc. (OTCBB: AMEP) - Extraordinary volume yesterday and today. Yesterday's volume of 32,402,000 shares was the highest volume in more than thirty days. Today, volume is already about half that about one hour into the trading day as this alert is issued. American Energy Production Inc. recently announced its wholly owned investee, Production Resources Inc. posted positive testing results after 8 months of testing various procedures utilizing AMEP HOA 800. PRI discovered a method of well treatment that combines the utilization of heat along with AMEP HOA-800 in a chemical process that has returned positive results

I just added back to my position at .021 hopefully it can move back up from here and we we can get some positive news tommorrow or thursday to move the stock

Oil Holders Index: OIH is up nearly 2 dollars, There is lot of money to be made in oil.

already bought 50,000 shares at 0.02