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View Full Version : AMG.V - Looks Solid to Me!



AbnormalReturns
08-04-2014,
I know I'm still new to all of this, let alone Penny Stocks, but I've been watching this one for a few weeks now and it seems legit. I haven't seen any pump-and-dump ads for it. It looks like a real company, although minimal financial reports might show misleading figures.

I was just posting this to have some of the top-dog investors give a real opinion on this stock.

I found some information that may help you make your decision:

http://finance.yahoo.com/q/ks?s=AMG.V (Yahoo has Key Statistics with minor financial information)

http://www.amgold.ca/ (this is their main site)

http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=AMG:CN (shows how many years they've been around and their gains/losses)

I hope to receive some feedback soon, anything and everything is welcome!

BlaineTarr
08-04-2014,
So, I am by far, NOT a heavy hitter but here are my thoughts.

1) check your platform, and make sure you can actually trade this stock, since it's Canadian listed. When I went to put the ticker smybol into TD ameritrade's think or swim platform, it rejected it.

2)everything I'm hearing (I watch CNBC every weekday i can, which excludes tues/thurs because I'm in class) gold as a commodity might have a rough year, if that happens, then gold producers could cut back supply, and thus miss their targets so it's a risky proposition.

3) I'm more of a chart oriented person, and the problem I have with penny stocks right now, is that it's really hard to get a read on a penny chart, because there COULD be a lot of movement in a single day, but it open and close at the same price