Post by
betelgeuse9 on Dec 05, 2009 2:04pm
AAPH - Great week, where to now?
Breakout run being was tested Friday after reaching .61 the day before -- up 100% from last Friday's (Nov 27) price of .30
But, of course, nothing goes straight up! -- the stock reached .62briefly yesterday before looking for support as traders took someprofits -- a low of .55 finishing at .56 -
For Monday looking for an entry point here or.52 or .48 depending onnews -- keep an eye out for news leakage -- if bullish this could popthis but wait to see what happens after the spike (just like in Forex)but that's if -- if you hear rumours remember rumours can cut bothways. Remember to trade with a cool head.
One further note: The past week has driven many eyeballs to thiscompany, a number now hold shares with certainly more waiting to get inand with its small float I see the potential for upward volatility.
Coming weeks: This story has just begun judging solely by the strength of its breakout run.
After reviewing their website and investor material and its newsreleases I think this company has definite potential for much highervaluation. Their management has already made the company profitablemonthly. Listed only since mid March 2009, American Petro-Hunter willbe increasing revenues some 15 to 20 times over the next 24 months --that is my estimation -- without factoring in what will almostcertainly be a rising market for oil and gas over the same period.
On the growth-by-acquisition front the company has plenty of equity inthe vault with which to grow by acquisition having a small share floatof only 23,749,000.
So the picture is: They are building revenues with every drill and haveno requirement to dilute the stock to raise capital, which, in myopinion, gives them increasing potential, as their share price rises,for serious revenue building acquisitions forward.
I like this picture, a lot.