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American Biofuels Inc C.ABS.H


Primary Symbol: V.ABS.H

Energy Oil & Gas E&P
American Biofuels Inc. is a Canada-based company. The Company was engaged in the acquisition, exploration and development of oil and gas properties including biofuel resources in the United States and Canada. Its wholly owned subsidiary is 1205742 B.C. Ltd. The Company is primarily focusing on pursuing the acquisition of a business of merit.


TSXV:ABS.H - Post by User

American Biofuels Inc
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Comment by Nemesis01on Jun 29, 2006 2:08pm
274 Views
Post# 11048753

RE: nothing matters

RE: nothing mattersI believe TAE has great potential. I am holding my shares in anticipation of the flow news release and using this weakness as an opportunity to add to my position. Here is my concern: Everyone who buys a share has a strike price at which they buy and sell this share. At what point you take profit. I've read the $0.50 mark thrown around on this forum and I hope we get there. However, every run up and subsequent slow slide has lowered my profit taking point. I hope I'm wrong but the more this stock peaks and valleys the harder it is going to be to reach it's full potential. Whatever the news I think we will have a hard time passing $0.35 because everyone will be tempted to take profit before the subsequent valley. Just for the record, I hope TAE gets to $0.50 but I will now be out at $0.32. Thoughts?
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