Articles

A NYSE STOCK TO BUY

STOCK TO Consider BUYING
a/o December 29/99

Here I go.....out on a limb, but investigate it quickly, things can change or opportunities may pass one by or new ones present themselves.: ASHANTI GOLD on NYSE - Symbol - ASL; I provide this information based on my own investigations, but any action you take is done so based on your own thoughts and independent recommendations to yourself. This is a speculative play. You have been warned.

This is a gold producer and at the moment anything gold related is a bit out of favour with the general investor....and that is just great news from my point of view. In September of this year this stock hit the 52 week high of 10 and 11/16ths...and from there down it comes...neat.

The daily volume on the stock is about 500,000+ shares a day.....nice average volume.....dividend is at 10 cents per share and earnings per share of 0.58 with a price earnings ratio (PE) of 5.60...WOW This stock has it all....has dividends....low price, earnings and great daily average volume.....see it is just out of favour for the moment.....and the price per share is a bit over $3.00.....what else could one want. This is a buy and hold.....my bounce up in a day or week or month or two but will......just has too much going for it. Final detail......On December 02 the volume for the whole day was 124,400 shares.....far below what it should be, more proof of it being out of favour for the moment...the crowd will wake up one day soon I expect.

Buy this one at any price under $ 3.00 .....watch for the volume to increase and this increase will most likely be your indication to hold on and watch closely for the sell price. Do not invest all available funds at once......but over a few days or weeks...watch the action....it may dip before rising....you want to be in a position to accumulate more if the opportunity presents itself. If all holds steady allowing you to buy under $3.00 buy what you can on any weekness. I will not nail a selling price down at this time.....I love to sell into a great spike up, lots of volume nice price rise and out I get....take profit to bank.

If a position is taken do so at minimum of 1,000 shares to make brokerage costs not to important.

I have staked my position with some shares at $3 3/16 and more at $3 1/4 and lots at $2 3/4.

Have fun !!; UPDATE - ASL a/o Dec.8/99 2:00 P.M.; Since making this recommendation the stock has traded from $2.50 to $3.00 and there is no reason I can see other than just plain lack of interest at this moment. There is just a great opportunity here in my view......with the stock hitting a low for the past 52 weeks.......trading at 2 3/4........where I have BOT more........this lower price just confirms my expectation of a rise. The volume on the stock is about half what the average is.....300,000 at this time today and the average is more like 550,000 - 600,000 per day.....see what I mean out of favour at the moment......but of the shares traded today I see some block trades....70,000 shares and 30,000 shares.....seems I am not the only one who sees this........My expectation is a .50 cent to $1.00 rise when the market re-discovers this stock......and just to remind you look at the dividends and the price earnings of this stock......and the price now in the $3.00 range....to low......