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My Analysis on ATL

3 posters

Go down  Message [Page 1 of 1]

1My Analysis on ATL Empty My Analysis on ATL Thu Jun 30, 2011 9:01 am

Leo_pold

Leo_pold
Manager - Equity Analytics
Manager - Equity Analytics

I have been following ATL quite closely for sometime now. It was an ideal buy at 1.80-1.90 around 15th May. From 19th May to the present day CSE was on downhill and most of the shares did the same. But despite all that negativity, ATL managed to make a steady rise to 2.50 mark within that time. So it's more than a 25% rise for ATL in this bear market.

Since the beginning of this week ATL was trading heavily. It was masked by the GREG and it's partner shares but as always ATL did it's job in silence. May be it was those who bought the share at 1.90 or those who got it at the right's issue for 1.50 who did the selling. But there were enough people to buy at a price of 2.50 in huge quantities, nevertheless.

It's well known that the company made losses in the recent times. But with it's ethnic background and the expand to the North and East provinces, the company's future looks bright indeed. Is there a possibility for this share to pass 3.00 in the coming month?
I would say yes.

I would like to to know the opinion of others on this. Open for discussion.

Thanks.
______________
Leo

2My Analysis on ATL Empty Re: My Analysis on ATL Thu Jun 30, 2011 9:52 pm

rajithasamaranayake


Equity Analytic
Equity Analytic

With Penny stocks such as ATL it is possible to earn profit margins you mentioned at the expense of unsuspecting new investors and inexperienced ones taking the losses. ATL will take a VERY LONG TIME(YEARS) to make a decent modest profit

3My Analysis on ATL Empty Re: My Analysis on ATL Fri Jul 01, 2011 7:24 pm

Paypal


Manager - Equity Analytics
Manager - Equity Analytics

but there is a huge selling pressure @ 2.50 levels. Sad

4My Analysis on ATL Empty Re: My Analysis on ATL Fri Jul 01, 2011 8:06 pm

Leo_pold

Leo_pold
Manager - Equity Analytics
Manager - Equity Analytics

I too see that. Let's stay optimistic that somebody clears it soon..

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