AQS - Aquis Entertainment

[greggles]

On queue.

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UPDATE 5 mins later


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More shirts will be lost after today surely


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AQS has been a pretty volatile stock in the last few weeks. I'm not seeing any recent price sensitive announcements other than their FY20 financials released last month.

Do you have any insights into this one @barney? Why is the share price jumping around all over the place like a Mexican jumping bean? It's up another 51.1% to 34c today. I can't figure out what's going on.

 

[barney]

AQS has been a pretty volatile stock in the last few weeks. I'm not seeing any recent price sensitive announcements other than their FY20 financials released last month.

Yeah, it took a little longer to find the extremes than I thought it would, but basically following the "day-trader" pattern.

With Stocks that get pushed around easily by D-T's, I always remember an old friend of mine who used to work on the Sydney Futures Exchange.

Poor bugger died many years ago now, but he told me "the boys" used to plan which Stock/Sector they were going to hit before Market Open.

I guess AQS is ripe for that sort of treatment.

Basically anything that can be turned into a high Volatility target is fair game to "the boys" with their large "club" of money.


On the flip side, AQS has a low Market Cap (around $40 million odd I think)

And around $7 million in cash at the end of January.

So the MC to Cash ratio is pretty healthy if they pull a rabbit out of the hat.

The series of big Pin bars is enough to keep me away

 

[barney]

PS If it gaps to 40 on the Open tomorrow (Wednesday 10th)

And has no follow through,

I'd be well out

(Not that I'd be in anyway)

(Not financial advice of course )

 

[System]

On October 16th, 2023, Aquis Entertainment Limited (AQS) was removed from the ASX's Official List in accordance with Listing Rule 17.14, following compulsory acquisition of its remaining securities by Aquis Canberra Holdings Pty Ltd and its related bodies corporate.