To: bc who wrote (549 ) 3/30/1998 5:43:00 PM From: Menck Respond to of 4605
To all: First, probably last post - I think that I'm not addressing this properly, but I thought that this might give you some food for thought. What follows is only speculation - I have no hard evidence to suggest that it happened, but to me, is the most logical reason for what has happened to ATF over the last few days. As you may or may not be aware, there are e-mail investment clubs which are momentum clubs. Everyone in the club agrees to buy into a stock on a particular day, driving up the price. Day traders, and those who have followed the company buy in and push the price higher as they are seeing a bull run. The investment club members get out when they have what they consider to be a reasonable profit. I am not aware that there are any operating on Canadian stock exchanges, but the pattern of trades suggests to me that this may have been what happened to ATF. They tend to pick on a good stock - and with the article on ATF in the FP, it gives the move some real credibility. Again, let me say that this is pure, although I believe logical, supposition. If I was to guess, I would say that the stock will level off somewhere in the vicinity that it is in now until the company produces more good news - which isn't bad. Unfortunately for me, although I had some inkling that this might be happening, I did not think that it was going on in Canada, and I didn't act early. I did sell my shares, and made a reasonable profit, but got out at a price which means that I don't feel comfortable getting back in unless the share price drops further. I don't feel at all confident that this will happen, and, for all of you who are still investors, I hope doesn't. You guys do a great job of sharing the dd that you do, and anyone thinking of investing in ATF is a fool if they don't read the posts here. I wish you all the luck in the world with ATF - and will keep tracking the stock to see what happens (and maybe get back in) Ed