Forum Archive Index - February 2000

["Adam Rands" <adam@iguana.co.nz>]

many of you will be experiencing problems connecting to Iguana hosted
services (access brokerage, stockwatch, stockscape, directbroking,
greenslades etc)

there is a *major outage* with the telstra link between australia and new
zealand.

in fact there appears to be a major problem with many of telstras internet
pipes within australia too

some of you will still be getting access to services if your ISP does not
use telstra to route aussie traffic (i think ihug and paradise.net users
will be unaffected)

rest assured. - telstra are working on it.. :-)

Cheers


-----Original Message-----
From: G Christie <bayvu@ihug.co.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Friday, February 18, 2000 12:41 PM
Subject: [sharechat] Stockscape down


>Adam, I can't get into your site at present. Is there a problem? Thanks
>Graeme Christie
>-----Original Message-----
>From: Adam Rands <adam@iguana.co.nz>
>To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
>Date: Thursday, 17 February 2000 13:31
>Subject: Re: [sharechat] Renaissance manipulation? - i dont think so
>
>
>>its not manipulation.. its just stupidity
>>
>>it happens all the time.. especially in aussie with the specy non liquid
>>stocks and all the mums and dad investors pilling in at whatever price.
>>
>>if you work out the volume weighted average price (VWAP) u will find the
>>true price of a stock for any one day...
>>
>>however in saying this, manipulation may occur in small stocks for various
>>reasons
>>
>>lots of companies/brokers are running "internet sharemarket games".. these
>>games sometimes attract serious prizes ($100,000 etc)
>>
>>most of these games work on the basis of valuing a portfolio at the end of
>>the day.. many sneaky people (i myself have thought about doing it) buy
>>virtual stock in the game and then ramp a small cap stock on the valuation
>>day (this may cost them a few hundred dollars).. but as long as the last
>>trade has gone through at a crazy price the stock is deemed to valued at
>>that thus making their virtual portfolio worth $$$$$$$.
>>
>>i have considered doing this on the NZSE sharemarket game (simply to
>>highlight their lack of sophistication) but alas have never had the time
to
>>bother..
>>
>>something to think about..
>>
>>Adam
>>
>>
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>>
>>-----Original Message-----
>>From: Robert Nottage <robnottage@yahoo.com>
>>To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
>>Date: Thursday, February 17, 2000 11:17 AM
>>Subject: [sharechat] Renaissance manipulation?
>>
>>
>>>Hey guys,
>>>Renaissance opened today at 55c. Someone then bought
>>>3500 shares at 61c (how?)for the princely sum of
>>>$2135. So immediately the price shoots up 10.9% and
>>>Renaissance is No.2 on the Top 10 Rises for today.
>>>There is now a big gap between buyers (55c) and
>>>sellers (61c).
>>>What do the experts think? Manipulation????
>>>
>>>p.s. I don't think anyone is falling for it though
>>>because the stock has not traded since that transaction.
>>>__________________________________________________
>>>Do You Yahoo!?
>>>Talk to your friends online with Yahoo! Messenger.
>>>http://im.yahoo.com
>>>
>>>-------------------------------------------------------------------------
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>-
>>-
>>>http://www.sharechat.co.nz/          New Zealand's home for market
>>investors
>>>To remove yourself from this list, please us the form at
>>>http://www.sharechat.co.nz/forum.html.
>>>
>>
>>
>>--------------------------------------------------------------------------
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>-
>>http://www.sharechat.co.nz/          New Zealand's home for market
>investors
>>To remove yourself from this list, please us the form at
>>http://www.sharechat.co.nz/forum.html.
>>
>
>
>---------------------------------------------------------------------------
-
>http://www.sharechat.co.nz/          New Zealand's home for market
investors
>To remove yourself from this list, please us the form at
>http://www.sharechat.co.nz/forum.html.
>


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