Forum Archive Index - January 2000

["G & A Ingram" <ingram.a.g@xtra.co.nz>]

----- Original Message -----
From: G & A Ingram <ingram.a.g@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, January 31, 2000 9:47 PM
Subject: Re: [sharechat] AQL today & the lesson from Strathmore


> 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
>
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