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Microcap & Penny Stocks : Ameriquest AMQT (formerly AQS)

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To: Arthur Tang who wrote (474)10/29/2000 6:44:37 AM
From: Arthur Tang  Read Replies (1) of 484
 
Since the last analysis on the ACER franchise of AMQT; the stock had taken off. Closed Friday at 39 cents.

RagingBull investors who were daytraders in general on their AMQT board started an attempt to push the stock beyond 40 cents on Friday. The close at 39 cents will be an indication that on Monday the push will continue. If it is a blowoff, then the peak may be expected to be close to 75 cents. Duration may be couple of months. If some broker had bought large enough volume at 25 cents, then this ride may well establish new record beyond $1. Usually, a PR firm gets introduced to the management to make a market. That retainer of a PR firm news was released and the stock took off.

The classical Elliot 5 waves may very well be this next expected chart. Peak may be a predictable $2.5/share(another 10 bagger). Duration may be about one year. I have a small holding in AMQT, and may add some as it develops. It will still be too cheap to sell any, especially if the rumor of a merger with a private firm comes true whether it is pooling of interest or not.
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