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BAS - BAStard or basket?

Chart Forum » Stocks - ASX: long term & fundamental » The Squawk Box » Lesson Galore » BAS - BAStard or basket?

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holycow
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Username: holycow

Post Number: 945
Registered: 08-2004

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Monday, March 14, 2005 - 10:36 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



My apology for the topic title because I am a little upset with the "insiders" of this stock...

BAS Daily
bas

1) the stock was slammed hard this morning (down 60% at one stage) because of this announcement:

"ASX RELEASE
14 March 2005
No Commercial Hydrocarbons at ZaneGrey-1
Bass Strait Oil Company Ltd (ASX Code: BAS) reports that the ZaneGrey-1 formation evaluation programme is substantially complete and that no zones of commercial significance
have been defined."

2) if you look at the sp behaviour, it was pushed up to 80c in the last two days and I am wondering who's behind it. Surely if the result were to be negative, with so many people and parties involve, it is very to convince me that no one has prior knowledge! I simply won't buy it!

3) I don't have this stock but I sure hope those who do raise hell with the ASIC. This one really stinks - they should catch the culprits and hang them to dry.


HC

"... if you've got a chart, I have an opinion!"

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