It is austral pacific energy ltd. AEN is the ticker symbol and I am excited about this company, let me know what you think about it
2007-08-07 14:43:12 · 7 answers · asked by frfiter 3 in Business & Finance ➔ Investing
This stock has very little volume. So it will be susceptible to large swings.
The good news is the pricing is just above the 200 day moving average. The 10, 21 & 50 day EMA's are also moving up & in the right order. There seems to be a little support on the 50 day moving average ($1.26).
Having said this.... it's a penny stock. I don't invest in penny stocks. Most professionals don't. This is more gambling and risk taking than it is investing. Newbe's seem to be attracted to these types of stocks.
I'd avoid this like the plague. It's chart appears to be moving to a positive direction. It's only been doing this for four days. My bottom line... I like to invest not gamble. I say no.
2007-08-07 15:57:41 · answer #1 · answered by Common Sense 7 · 0⤊ 0⤋
I think this is very risky. Do you know how much it lagged it's industry in 2005, 2006 and YTD? How does it fit into your asset allocation?
This doesn't look too good:
http://moneycentral.msn.com/investor/StockRating/srsmain.asp?Symbol=aen
Good luck!!
2007-08-07 23:53:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Avoid like the plague.
Not joking sell in the morning.
2007-08-07 21:55:41 · answer #3 · answered by OPM 7 · 0⤊ 0⤋
Hmmm... negative earnings... penny stock.... $1.40 a share... average volume 23,000... downward trend since late 2005.... SELL.
2007-08-07 23:24:47 · answer #4 · answered by KatGuy 7 · 0⤊ 0⤋
um no there are far better ones than this.
2007-08-07 22:26:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
SELL SELL SELL
2007-08-07 21:48:34 · answer #6 · answered by acrumble05 2 · 0⤊ 0⤋
No, i don't care.
2007-08-07 22:16:26 · answer #7 · answered by Huynh T 2 · 0⤊ 0⤋