AMWI almost doubled this morning after the open, and then settled for about 20% in gains as it stabilizes after yesterday’s trauma.
This goes to show us that investors are smart, and were able to fully understand that AMWI was oversold yesterday for essentially no reason. Many people think that it could easily go back to over $1 by early next week, and then possibly resume its ascent up as it was doing earlier.
AMWI is a strong stock, and everyone who held through yesterday’s bloodshed is being heavily rewarded right now by AMWI‘s bounce.
Is $12 still possible? Anything is still possible, but we will have to regain the $1 to $2 levels first which could very realistically obtained again.
Everyone is looking past yesterday’s incident as it was artificially created by short-sellers to bring the price down.
Patience is key in situations like this. Holding the fort solidly could pay off in a big way, and many of you experienced that first hand by holding through yesterday’s fiasco.
We will continue covering AMWI at least through the end of the year, and will keep our readers posted no matter what happens whether there is a good day or a bad day.
AMWI released the following Press Release earlier today:
(Marketwire -12/09/11)- Amwest Imaging Incorporated (OTC.BB: AMWI.OB – News) made the announcement of www.LokDrop.com just three days ago, today they had to increase bandwidth to the website as traffic exceeded expectations.
www.LokDrop.com is a virtual Cloud based 256 bit key secured digital safe deposit box where users can access, store, share, transfer and backup digital information in an ultra secure Cloud based, private and encrypted location. Users will be able to access and share critical data of virtually any size without FTP requirements or lengthy uploads instantaneously from anywhere in the world.
“We felt this would be a hot technology when released, but we had no idea the pre-release would generate so much traffic. We have taken steps to prevent the site from going down due to bandwidth again and are very happy at the results of the pre-release so far. We look forward to the retail launch February 2012,” stated CEO Jason Gerteisen.
Amwest’s anticipated retail launch of LokDrop is set for Feb 06, 2012. With annual pricing being set at $99 per year, Amwest feels they have set a price that every corporate, government, retail, industrial, or personal user can afford. This targets as much of this Multi-Billion Dollar sector as possible while still providing the best products available.
With the traffic they have already generated with www.LokDrop.com, Amwest Imaging Inc. has set high goals for it and the other technologies they have released.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases “would be,” “would allow,” “intends to”, “will likely result,” “are expected to,” “will continue,” “anticipate,” “expect,” “estimate,” “project,” “indicate,” “could,” “potentially,” “should,” “believe,” “considers,” or similar expressions are intended to identify “forward-looking statements.” Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company’s historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company’s past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
DEC
