Forum Archive Index - February 2000
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[sharechat] AQL dumping and buying
Derek,
You raise an interesting point. Perhaps it was some major shareholder
deciding to get rid of some 5 million shares today.....and these were
snapped up by the many AQL fans out there who were just waiting to buy the
stock at the right price, and who just happened to be there at the right
time between 3.00 to 3.30pm today.
I was thinking that it might have been the people who bought one of the four
private placements not so long ago.
It would definitely not have been the people who bought the last two private
placements of 10mil and 5 mil sold at 18cps.
Could be the people behind the first two 3mil placements (which were bought
at 16cps and 16.5cps) but at an average price today of 17.5c, profits
wouldn't have been that great.
So I am no wiser? The weird thing about all this trading is that there did
not seem to be any shortage of buyers.
What do others think?
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