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Ashanti Goldfields Co. (ASL) Message Board

  • Jademann Jademann Mar 2, 2000 12:11 PM Flag

    This ASL decline is getting quite bad

    There was very little support below 2 1/4 last time. The price fell quite quickly until good news came out. This scenario might repeat (maybe worse) if the bleeding doesnt stop soon.

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    • In at 1 7/8 out at 3 9/16

      You played it well.

      • 1 Reply to J99rr5
      • I seem to have got that one almost perfect. I
        actually sold at 3 3/8 and bought between 1 7/8 and 2. In
        reality I only got my money back plus a couple of $K for
        my trouble.

        I was backing 3 winners this last
        2 weeks.
        I sold RTHM at 36 its now 45. BTY at
        178 its now 205 and LCAV at 4 3/4 its now 5 3/8. So I
        aint best pleased with myself at the moment cos I
        didnt have the balls to stay in the market with
        interest rates worries and over valuations.

        I have
        a sneaking suspicion ASL at 2 1/4 may have been the
        low for now.

        BTW Regarding a previous post
        from schredtillimdead the march 3rd egm was cancelled
        due to agreement being reached by all parties. I am
        not that knowledgeable about the goings on here with
        ASL, I was quite reliant on posts from Goldfits. I
        dont think he has been around recently has he? I guess
        I tend to work more from charts and instincts.

    • JADE, any clue if this is a non-event now?
      Would like to see our insider poster-boys
      from the African continent "shred" some light.

      • 1 Reply to schredtillimdead
      • when they reached an agreement with their banks
        and them dissident shareholders led by Gandur, who
        works for that company that looks misspelled, however
        you write it - Laringitis or somthing like
        BTW - now that Gandur has his players in place, why
        don't they play (hardball, preferably)? They were good
        enough at kicking ass when they weren't in charge!