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From: | "G & A Ingram" <ingram.a.g@xtra.co.nz> |
Date: | Mon, 31 Jan 2000 21:47:35 +1300 |
hi frank for a new commer to sharechat please tell me what did happen with strathmore? i have no aql at present and feel a little gun shy having paid .77 for itc recently!!!!!! look forward to your help cheers amy.. ----- Original Message ----- From: frank fernandez <frank.fernandez@xtra.co.nz> To: <sharechat@sharechat.co.nz> Sent: Monday, January 31, 2000 8:40 PM Subject: [sharechat] AQL today & the lesson from Strathmore 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 ---------------------------------------------------------------------------- http://www.sharechat.co.nz/ New Zealand's home for market investors To remove yourself from this list, please us the form at http://www.sharechat.co.nz/forum.html. ---------------------------------------------------------------------------- http://www.sharechat.co.nz/ New Zealand's home for market investors To remove yourself from this list, please us the form at http://www.sharechat.co.nz/forum.html.
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