Thursday, September 08, 2005 10:52:15 AM
AMEP 3 Charts, AMEP resumes up trend, after some profit taking from last weeks big gains, held most of the recent big gains. The good news last Thursday that AMEP now has purchased a big Ideco Rig that had only been used 10 times to drill water wells in Mexico, CEO said it is in like new condition. This Rig acquisition changes the dynamics in a positive way for AMEP to become profitable in less than a year. Still early on the SP:
GL all AMEP longs.
... %^ greeneyedhawk
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3 Charts below ad...
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One month chart. Shows the break-out move last week with a bullish 4 white candles in a row, followed by some profit taking early this week. Held most gains, and has turned decisively UP before touching either 50 MA or 200 MA, to resume the UP trend:
Three month chart. Shows the start of a bullish UP trend after making the 'Golden 50/200 MA crossing'. Last time AMEP made the 'Golden Cross', it was a 9 bagger:
Three year chart. Shows that it is still very early on the SP. AMEP coming out of an all time low saucer bottom formed late last year, and completed earlier this year. A bullish formation.
Also shows that the last time AMEP made the 'Golden 50/200 MA Crossing',it was a 9 bagger on no revenues as the CEO was obtaing leases. SP re-traced on no revenues. Now AMEP has the revenues ramping up in Oil and NG sales, and now has a big IDECO rig to develop the 7,000 acres of the prolific Barnett Shale formation in Texas. As the chart shows, it is still very early on the SP:
FYI... %^ greeneyedhawk
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GL all AMEP longs.
... %^ greeneyedhawk
V
V
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3 Charts below ad...
V
V
One month chart. Shows the break-out move last week with a bullish 4 white candles in a row, followed by some profit taking early this week. Held most gains, and has turned decisively UP before touching either 50 MA or 200 MA, to resume the UP trend:
Three month chart. Shows the start of a bullish UP trend after making the 'Golden 50/200 MA crossing'. Last time AMEP made the 'Golden Cross', it was a 9 bagger:
Three year chart. Shows that it is still very early on the SP. AMEP coming out of an all time low saucer bottom formed late last year, and completed earlier this year. A bullish formation.
Also shows that the last time AMEP made the 'Golden 50/200 MA Crossing',it was a 9 bagger on no revenues as the CEO was obtaing leases. SP re-traced on no revenues. Now AMEP has the revenues ramping up in Oil and NG sales, and now has a big IDECO rig to develop the 7,000 acres of the prolific Barnett Shale formation in Texas. As the chart shows, it is still very early on the SP:
FYI... %^ greeneyedhawk
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