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Non-Tech : Active Apparel Group (AAGP)

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To: SuiteStock who wrote (23)8/21/1997 7:32:00 AM
From: Zeitgeist   of 111
 
I am really puzzled by the behavior of the share price
for AAGP. First, the drop from a rather stable 13-15 range
to the 7-8 range on no news (or on the news that someone is
planning to purchase a couple of percent points of AAGP -
this should be considered as upward pressure on the price).
Then the drift to below 5 (until now) without a significant
increase after they report an earnings increase of 28% ?!

This stinks!
I am not an expert but this price movements are not normal (IMO) -
either there is more news out there (and we do not get the
information) or the price is under some sort of artificial
pressure ?! (Whatever artificial pressure means ... maybe
someone tries to push the price down ?)

One thing is not clear to me:
What is the relation of the company that announced to purchase
AAGP shares with the company ???
I read (here) that the two people behind that deal are relatives ?
Is there something fishy going on ???

S.
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