Redneck Tale # 41 – Somebody please CLOSE that wallet
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Do something!
Amerilithium Corporation (AMEL) is playing with me. First it goes up in stock share value, and then it goes down. Then it trickles along like some sort of kid when the teacher leaves the room, waking up with one eyelid and then giving off with a little snore. It makes me want to yell, "Do something, doggone you. Do something."
Maybe I should go to the commodity markets and buy a plug of that lithium stuff and dump it into some stockbroker’s pocket to get a little action. Ahhhhh me! Would you wonder that I am nervous, what with all that money invested in those AMEL shares? All $94.50 worth of them on Day 1. Here we are on Day 43. Each share closed today at 68 cents which makes my AMEL holding worth $102. Patience, Gus, you have to maintain patience if you ever want to be another stock millionaire.
It is time for a good jingle (or more)!
Here is today’s stock chart. As that stock charting whiz, Bollinger declared as he laboriously invented his famous "Bollinger Bands" stock chart indicator, when those bands squeeze together around the 20-day share moving price average, it means that the share price has ceased being "volatile" – meaning, to me at least, that it is not going anywhere at the moment. One of these days, that price is going to move. As I look at the latest stock chart for AMEL I am semi-consoled that there is more room for the share price to go up than there is for it to go down.
What would be nice would be that the wallet gets closed for now. Keep those coins inside the thing until Mr. Buffett or one of his stock genius friends comes along and buys a big swat of Amerilithium. Did you hear me, Warren? There’s room for both you and the Ford Motor people in here with me, and I don’t want you to think that I would dream of keeping you out, just because I saw AMEL first.
Well, if that doesn’t cause stampeding feet toward my AMEL, I may have to resort to producing a catchy jingle and sending it around to the radio stations. It might start off something like this:
"AMEL - You fell!!!
Ma Bell, Ma Bell, through you we tell
our bankers we need money.
Lithium's great – that stuff will sell.
Your stalling isn't funny!"
... and more, of course. But looking at that first shot at a jingle, I can see that it might not be suitable. "Ma Bell" is today an anachronism. The entire phone system has changed from what used to be Ma’s monopoly to a host of companies in the yakking business these days. Who would remember?
I’ll just keep on working at things, looking at those AMEL charts, and trying to come up with something to get my lithium moving. Maybe if I think of a good new use for the stuff...
US Geothermal (HTM on the American Stock Exchange
Thanks to KFlippen, one of our happy hubbers, I have learned that U.S. Geothermal (HTM) is also in the lithium business and has a stock share performance picture very much like that of Amerilithium (AMEL). The stock chart, above, is for after the close of the stock exchanges in New York today, August 5, 2010.
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Or better still, buy gold penny stocks.
Doctor bj - My good Friend!!! You have the answer(s). This stock stuff HAS to be the biggest racket in the world, but it is lots of fun.
Gus :-)))
Like betting on a horse race. But speaking of horse racing, they're closing Manor Downs here in Austin. How is the track doing in Houston?
I do enjoy your commentary on your AMEL investment - good luck my friend :)
Austinstar - If ever I bet on a horse to win a race, the nag would either collapse halfway around the track or it would run like crazy in the wrong direction. From what I have heard, the Houston horse track is doing OK and is likely to continue to do so unless they run out of oats.
Gus :-)))
b.a.d. - Thank you for the good wishes. The best thing that AMEL has done for me thus far is that it makes for something to write about. I may be the only one outside of drbj's stock peddlers to be making any money on it.
Gus ;-)
:) Here's a link to today's hot AMEL.OB news, they took a $200,000 draw:
http://finance.yahoo.com/news/AmeriLithium-Receive
Excerpt below is so full of alliteration!
"The CSAMT/MT Survey grid is being situated to be perpendicular to the general northeast (NE) trend of regional geologic structure in the area to allow for more accurate location of structural features in the subsurface."
It actually all sounds pretty interesting! Glad you keep bringing it back to mind, ya just never know......
Hi Katie - Thanks for that interesting Yahoo.com URL. My only problem was that the news release frightened me - I understood what they were saying. That's plenty scary!
Gus ;-)
Katie, my friend - I should have put that this way -
It was not WHAT they said in their news release that was scary to me - it was that I understood what they said. That probably means that my mind is as rascally as are their minds. Time for a drink. Question is, should it be Pepsi, a Coke, or a bit of hemlock? Don't know who sells the hemlock stuff, all out of Coke and Pepsi, so guess what? It'll be a mug of coffee
Gus :-)))
Hey Gus, I am awed that you understood that press release! It was so much mostly a mind-boggle for me, I'm rather directionally and technically impaired. :)
And I'd stick with coffee if I were you, to keep that mind as rascally as their's. No sugar slush or hemlock!
Katie....
Hello again Katie - I lied. Not a word of what they had to say made a lick of sense. Why should it have? It was not intended to be understood!
Gus ;-O
Gus......you're giving me a headache! You didn't find that hemlock did ya?! LOL, Katie
Business, finance and the stock market: scary stuff. Thanks for another great and entertaining article.
Katie - I found the hemlock before I lost it. (I'd make a great politician!)
Gus ;-)
Jess - How is it that, when I get really, really serious about something, you come along and tell me how entertaining I am?
Gus :-)))
Hey gus if you go to investopedia.com you can trade on their game site. They give to $100,000 bucks to start and you trade as if you really trading in realtime with real stocks. It's fun, especially when you realized how much you would've lost!! Love your Hubs!
Howdy Fix - Thanks for the website to the investing game deal. Game-playing is more or less what I am doing with this AMEL thing. I am pleased that my several hubs make you happy. That's the real plan.
Gus :-)))
Gus here's an interesting one that's priced about the same as AMEL but off the bulletin board and on the AMEX,...... HTM is the symbol, it's U.S. Geothermal, might be worth a look for $100 bucks of play.
Just thought I'd give my hot stock tip for the day!
Howdy Katie - I am going to edit in the image of HTM, one of the small companies in the lithium business. Comparing the stock charts of HTM and AMEL, it is readily seen that the charts are almost identical as to behavior of the share pricing, but with one very notable difference - HTM's share prices have until very recently, been very volatile. Also noteworthy is the buy-sell daily volumes for HTM which have been consistently low. Thanks for the information, Katie.
Gus :-)))
I didn't even notice how very similar the two charts are, that's interesting. And I'd have to double check, but I'd bet that HTM has a lot less shares outstanding over AMEL, and that causes more volatile price action, large buys or sells move the stock lots easier. You are welcome Gus, and I've now looked up and see you have charted HTM, I'll have a look........
Gus, HTM isn't in the lithium business so far as I know. They are in the geothermal power business, similar to ORA, the biggest public player in geothermal power. I'm sorry if I've misspoke! HTM is just similarly priced and in a potential new growth business like AMEL, and looks maybe more promising and legit as an under a dollar stock bet.
The jingle cracks me up. As for investing: want to know a quick way to have a million dollars in the stock market? Start with two million.
Hi Keith - Fun is fun. Jingles and money do seem to fit together OK. One of my favorite "dumb poems" is the one named (among other things), "About Banking" by Ogden Nash... "Walking through a bank is like walking through a jungle." (and then some additional lines about the guy needing some dentistry and asking for a loan to pay for it, etc.) and then came the banker's response - "Borrow it from an aunt or from an unGle." Where there are "dears" (like you and me!) there are bound to also be "bucks." Have fun with filling out all of those forms, Keith.
Gus :-)))
drbj Level 8 Commenter 22 months ago
I've discovered the answer, Gus, to making money in stocks. Know what it is? Become a stock broker, selling stocks to other folks.