Forum Archive Index - April 2000

[Nathan Mercer <nathan.mercer@softwarespectrum.com>]

For what its worth, I sold my small (~2000) holding of AIRVB for $3 this
morning.

After reading the info posted here this morning by Sarah Corkill, I called
my broker at about 10:45am and they confirmed that ABN was taking a stand in
the market looking to buy parcels under 5000.  They couldn't guarantee a
sale because ABN had already acquired lots of shares and only needed a few
million more, however my order was placed into the queue (why can't we see
the market depth info!) and was also told that it could be scaled back
depending on demand.

Checked again at about 1pm, and see that my entire order went through at $3.
Not bad, considering I bought into AIRVB last week at 2.30

Regards
Nathan


> -----Original Message-----
> From: Phil Eriksen [mailto:phil@acepay.co.nz]
> Sent: Tuesday, 11 April 2000 1:10 p.m.
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] RE: AIRVB & Bob
>
> 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?

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