Forum Archive Index - April 2000

[Phil Eriksen <phil@acepay.co.nz>]

Derek Watt wrote:
> 
> Does anyone know what is going on with AIRVB?
> 
> How come there was supposed to be a stand in
> the market at $3 to end at 10:30am when
> according to the access brokerage site
> the shares haven't traded that high today.
> (last checked at 12.08 pm)
> 
> They seem to be giving preference to small
> shareholders, but in that case why give practically
> no warning and such a short stand?
> 
> Most small shareholders would have missed it
> (including me).
> 
> Also why is Bob Jones complaining about this site?
> It's not supposed to be a personality contest!
> (Bye the way, thanks for the e-star analyses Bob)
> 
> Bye,
> Derek.
> 

Hi Derek,

There was a stand in the market for approx 9 million shares at $3.00 -
buyer was Singapore Airlines  Last I heard there were 27 million or so
shares for sale to Singapore Airlines, who were seeking parcels of 5,000
or less shares.  I didn't get any away to Singapore at $3.00 but sold my
entire holding at $2.80 soon after 11pm (was in at $2.15 2 months
back).  I could end up looking stupid in saying this, but I now believe
the share price will drift steadily down over the next couple days
($2.73 as i speak).  Assuming Singapore have got what they wanted, where
are the buyers?

Cheers,
Phil

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