AENP.OB

[stocky]

Now OIH is up more than 3 $

[stocky]

Now OIH is up more than 4 $

Heck should have bought OIH 

[Michael]

I guess we are seeing a bubble in the making.

I have it with bubbles as with the universe; I don't understand how it started and I don't know when it will end. It is just a fact of life.

I have done a lot of thinking based on David, EliteG and others messages and, even though it is tempting, I am going to wait on the sideline:

I don't invest in something I don't understand and as always it is the one who turn off the light who pays for the party (that is unless the host is very drunk or very smart!)

I hope you guys are going to make tons of money.

I will try to see if I can afford an economy ticket to visit you on your remote tropical Island in the Indian Ocean.

Mike
The guy that might had bought half a tulip bulb many years ago if he hadn't heard about buffett 

[cumulina]

AMEP is making me seasick! 

UP - down - UP -down ~~~~~~~~~~~

I wish it could just get it's act together and shoot upwards.

Today I tried not to watch it, but it still made for some nail-biting.

And tomorrow???

Cheers.

[TRUNK]

 My Pie looks retarded again     I Had to stock back up on the shares I sold at yesterdays close.. The stock decided that if you are going to profit wildly off of it you shall not have weak hands.. nice recovery looms well for tommorrow

My Retarded Pie says I will either get filthy rich or fail trying

[David Randolph]

Yes, Michael, bubbles are for speculators, not for investors like you or Buffet. There's no danger in trading a bubble, if one knows it is a bubble ! (of course, the vast majority doesn't know that, or it wouldn't work)

Anyway, AMEP.OB made an amazing comeback yesterday on yet stronger volume. I don't know but I believe I did mentioned there was a resistance level at $0.025. It looks like the bears gave a fight at the resistance and profit taking kicked in.

But, profit taking was met by huge demand that came from the sidelines and AMEP.OB, which was pronounced short term dead, came back to like with a vengeance, recovering from a 17% intraday fall to a close unchanged.

I'm getting more and more convinced, in fact I'm almost absolutely sure, this stock will breakout from the $0.025 level and reach $0.045, the technical target of the hypothetical breakout, over the short to medium term (scroll down to see both charts).

[Gurukul]

Excellent analysis David. Applaud Again

[Michael]

Hi David,

There is one thing that puzzles me  This bubble is happening at the same time as the oil price is falling.

It could obviously be a classic inverted bubble with resulting hakumi kick ups    but it could also be there is a fundamental story here. After all the company has issued a couple of bullish press releases lately. I think I will use the weekend to try to understand the company.

[David Randolph]

That would be great Michael ! You're right, AMEP.OB is getting interest from investors even as oil price declines. But now it looks clear the stock needs motivation from a rising oil price to break the $0.025 resistance.

That will probably happen soon.

[fill_the_gap]

Just added below .019.

An opportunity to hold for the future.

-Jeff-

[stocky]

Also initiated position again

[fous]

In at .019. hope this ones a winner

[la-onda]

American Energy Production Inc. (AMEP) holds steady after it 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. PRI has increased oil production from the Olmos formation on the four test wells by as much as 300% for the month of June. Management now plans on expanding the testing area to an additional 10 oil wells in the next 30 to 45 days.

I have bought more...

[David Randolph]

Good morning !

la-onda, can you please tell me the source of that news, I couldn't find it on marketwatch.com. Thank you.

Bears were successful in defending the resistance line on AMEP.OB and now the stock is coming back down to test support again. Technically it is important for the stock not to close below $0.017 and start attacking resistance again. I believe this is what will happen and ultimately the stock will break the $0.025 area and shoot up to the $0.045 short term target.

[laksateho]

that one is old news.  From Wednesday July 6, 8:01 am