Forum Archive Index - January 2000

["Wilfried Roding" <roding@xtra.co.nz>]

I must admit, something smells fishy! The 21c level seems to be impregnable. At these volumes there must be some large sellers taking advantage of the situation. Unfortunately my stockscape doesn't work at the moment, so I have no access to the parcel sizes traded.

Anyway, my stop came in at 19.5 today, so I'll sit aside and watch for a while.

 

Willi

----- Original Message -----

From: Osbert Sun

To: sharechat@sharechat.co.nz

Sent: Tuesday, January 25, 2000 15:55

Subject: [sharechat] AQL

Isn't anyone curious about the large vol sale of AQL shares at the 20/21c level? While there has been a strong support at this level, the selling pressure was just as great. Could this have anything to do with the recently subscribed shares flooding into the market (provided the practice is allowed on NZSE)? And just who are those private investors taking up the new issues? Why has AQL never sought shareholders' approval for the recent placements of new issues? I am really puzzled by these questions. Comments and info would be greatly appreciated.

 

Osbert