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Bullboard - Stock Discussion Forum Aeroquest International Limited T.AQL

TSX:AQL - Post Discussion

Aeroquest International Limited > What is going on?
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Post by parkus on Jun 04, 2008 12:17pm

What is going on?

What in the world has happened in the past week? Someone seems desperate to get out as they have basically dumped 500k shares in the past week and tanked the stock down to $2.33. The only reason the stock should be trading at current levels is if the company might not be profitable at some point in the near future and we all know that isn't going to happen.

Their growth rate may slow in the coming quarter but the story is intact. These prices make no sense. Can anyone provide any news or reasoning for the big sell-off in the past week?

parkus
Comment by pelikan1 on Jun 04, 2008 5:46pm
Perhaps the drop is related to latest talk by the talking heads like Denis Gartman that the commodities bubble is going to burst or at least see a sigificant retracement. Who the heck knows? These guys change their tune as often as they change their underwear. I have faith in the underlying story of AQL and the expansion into the oil services sector will help. I am holding for the long ...more  
Comment by parkus on Jun 04, 2008 7:38pm
I don't think it has anything to do with the perceived bursting of the commodity bubble at all. AQL seems to march to the beat of their own drum. It doesn't really trade along with the commodity market and it doesn't trade in tandem with the equity market. From a technical standpoint, it sure appeared as though a bottom was in until last Friday when the stock gapped down and about 90k ...more  
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