Forum Archive Index - April 2000

["simon dallimore" <smndallimore@hotmail.com>]

Talking about profit-taking on FLP now, I sold my AIRVB at 2.65 after being 
quite disturbed by the huge buying up of AIRVB shares in the past few weeks 
obviously by an institution, institutions or even BRY.
In the past week for instance, an average of 1.5million AIRVB shares have 
been bought daily by such interests. How do I know this? How many of us can 
afford to buy AIRVB at 100000, 150000, 200000, 250000 blocks? In one case it 
was a buy of 1000000 at 2.50 (from memory)! It is obvious that BRY need 
extra B shares to hand over to a potential buyer, and the recent buying 
spree will see it obtain the extra shares through an off-the-market deal 
with a major institution or institutions. This would also eliminate the need 
for a more costly "stand in the market".
The signs are there and I wasn't prepared to hang about. The only benefiters 
from a future AirNZ deal will be the major institutions who would by now 
have sufficient B shares to sell to BRY in a private deal.
Each to our own but don't expect AIRVB to go rocketing up when a deal is 
announced because for it to zoom up, you will need buyers. And if BRY is not 
buying from the ordinary investor, I seriously doubt whether there will be 
much movement in the stock.

Simon.

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