Forum Archive Index - January 2000

[frank fernandez <frank.fernandez@xtra.co.nz>]

Good to see increased commentary on Sharechat re AQL. I thought the
stock did pretty well today under tough trading conditions when many IT
(and other) stocks wobbled a few more steps backwards. 
As I stated in my posting on Sunday, AQL has probably found its 'bottom'
price at 0.18. It traded today (mostly at low and comparatively light
volumes) around the 0.185 mark but there were a few big buys of 145k at
0.189, 100k at 0.185 and 90k at 0.189. 
The total volume of 874,290 shares traded, with a total value of
$162,187, is extremely light when compared to the trading done in the
stock in the last two weeks - but there will be sellers on the market,
first thing tomorrow, offering 0.189 - and there will be buyers. It is
probable that AQL will trade between the 0.19-0.20 mark for most of the
week before finishing up at 0.20 on Friday. 
The key to this stock is patience as it is highly unlikely that any
announcement will be made re AQL’s future before the expected
shareholders meeting on 28 February. 
But if the lessons from Strathmore (remembering that the same principals
are involved) are to be learnt, one must be armed beforehand with a good
suitcase of shares before 28 Feb. 

Frank F

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