3SOF

This little China stock has a good chance of moving this week...I believe.

Market cap of 74million and is profitable.

Volume kicked in last Friday.

Profile:

American Metal & Technology, Inc., through its wholly owned subsidiary American Metal Technology Group (AMTG), and through AMTG's subsidiaries, Beijing Tong Yuan Heng Feng Technology Co., Ltd. (BJTY) and American Metal Technology (Lang Fang) Co., Ltd., manufactures high precision casting and machined products in the People's Republic of China. The company produces high-precision investment casting and machined products, including valves and pipe fittings, regulators, dispensers, machinery spare parts, marine hardware, water treatment parts, automotive and airplane accessories, and other equipment parts based upon blueprints supplied by customers using a range of ferrous and non-ferrous materials, such as stainless steel, carbon steel, monel alloy, hastelloy alloy, and other types of alloys. AMTG, through, BJTY, also engages in the design and manufacture of electric circuit boards for home appliances and motion controllers, providing controller solutions to branded appliances manufacturers in China. The company was incorporated in 2004 and is based in Los Angeles, California.

AMMY ready to run with the China Bulls

I actually nibbled a little of this at $0.0495 but I didn't expect it to move this soon...I was hoping to nibble some more...oh well, applaude thie nice pic.

...currently up 24% today.

AMMY should make a new high today...after taking a break along with the other China stocks the past 2 weeks.

Quote from: kslifka on October 23, 2007, 10:19:02 AM
AMMY should make a new high today...after taking a break along with the other China stocks the past 2 weeks.

A new high would put it over $0.12  

Or did you mean you believe it will take out $0.65 ?

My guess is a dip to the 50dma before the run to new highs, jmo.

GLTA...Jody

Quote from: 422fwhp on October 31, 2007, 06:07:47 AM

Quote from: kslifka on October 23, 2007, 10:19:02 AM
AMMY should make a new high today...after taking a break along with the other China stocks the past 2 weeks.

A new high would put it over $0.12  

Or did you mean you believe it will take out $0.65 ?

My guess is a dip to the 50dma before the run to new highs, jmo.

GLTA...Jody

Jody,

I was talking about the near term high of .065.

Chart still holding up...with price above .045.

Jumped off the 9dma today 

Could make for good Monday...only the market knows...

Quote from: 422fwhp on November 02, 2007, 11:58:16 PM
Jumped off the 9dma today 

Could make for good Monday...only the market knows...

Yes,  it does look good here Jody.  I hadn't been paying attention to AMMY for the past week...but the chart looks good for this week.

What do you make of the reverse stock split?

http://biz.yahoo.com/prnews/071116/laf025.html?.v=101

I usually don't like reverse stock splits.  But I do like this part:

"We believe the reverse stock split will better position our company to apply for a listing on a national securities market or exchange. Our goal is to work towards meeting their listing standards, and the reverse split of our shares will place us one significant step closer to achieving that goal."