AENP.OB

[David Randolph]

Nice to see that AMEP.OB held the $0.017 micro support level. The short term trend is bullish, the next resistance line is standing today at $0.025.

[David Randolph]

The two consecutive hammers on AMEP.OB and the close above $0.017 suggest we'll probably  have a rally on AMEP.OB shares in the next few days. I guess the stock just needs a little help from oil prices.

[David Randolph]

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.

[TRUNK]

Today's action is very promising.. 4 million shares traded in the first hour and up 8%.. She may just pop today although a gradual climb like we've had the past week would help us keep the gains easier.. Level II looks real strong eveybody bringing in bids at .018

[David Randolph]

That on a down day on oil ... it sure looks promising, I hope it keeps the promise until the end of the session. A decisive climb above $0.017 will probably take this stock to the next resistance around $0.025.

[TRUNK]

She is goin B A N A N A S 

Not that this is a good thing or that I should be rewarded for putting all of my eggs in 1 basket.. But AMEP is currently 70% of my portfolio at an avg price of .0153 

[netman]

trading at 0.0021 nice pick Dave Up 24 %

[laksateho]

NEWS?  If not why this stcok is up?
any idea

[saffeysite1]

Oil is bullish, that's why.  We have hurricanes coming left and right, People are striking at oil fileds in Iraq.  Mexic accounts for 8% total oil for US.  Rigs closed due to storms = AMEP. in play.

[TRUNK]

NEWS? If not why this stcok is up?
any idea

We are waiting for the news.. on the last press release we got this

"With respect to AMEP's wholly owned investee Bend Arch Petroleum Inc., Nash 1-C Barnett Shale well. Management has been testing several uni-draulics jet pump down-hole assemblies to gain optimal results. The third jet assembly will be installed on Thursday July 8th and Bend Arch Petroleum should have results the week of July 12. Though initial results are positive Bend Arch Petroleum believes there can be improvements that will increase production rates" Since the results weren't released last week they should be any day now and give the stock a spike which it currently has got now.. .024 Yeah!  

And people quit smiting me cause I have 70% in the stock.. I'm an adult and can make my own decisions.. I can afford to lose it and I did not suggest anybody else do the same as I did..

from the last news release we also got this..

"PRI has increased oil production from the Olmos formation on the four test wells by as much as 300% for the month of June. "

So the news is probably Tue or Weds and from the looks of it someone likes it..

but you can read the whole press release here from July 6th it has all the goodies  http://biz.yahoo.com/bw/050706/65289.html?.v=1

[laksateho]

Thanks guys, now just wonder how far it will go

[eliteG]

Trunk I applauded you...think thats awesome but make sure you get paid...looks really strong, congrats to all holding. 

[netman]

Up 42 %

[netman]

0.025 reached finally

[Michael]

Congrats David - This is a learning experience!!!