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Re: [sharechat] skipping the NZ market


From: "jim peacock" <gecko1951@hotmail.com>
Date: Thu, 13 Apr 2000 17:56:33 NZST


Meril Lynch do it I think

>From: "Derek Watt" <watt250@hotmail.com>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: [sharechat] skipping the NZ market
>Date: Wed, 12 Apr 2000 12:32:40 NZST
>
>It seems that some NZ companies are avoiding the
>NZ markets and listing on the Nasdaq or in Australia
>instead (Quixel & Pacific Lithium in particular).
>Given the poor performance of the NZ markets who
>can blame them I guess? But this will have dire
>consequences for the local markets if the trend
>continues.
>
>The other thing that bothers me is as a small investor
>I know of no local sharebroker that handles trades
>on the Nasdaq. Does anyone know of any? I'm a bit
>wary of sending money to the a U.S. broker that I
>know nothing about and that may go bust if the crap
>hits the fan.
>
>(I'd particularly like to buy some Pacific Lithium.)
>
>Cheers,
>Derek
>
>PS bought some OTR today, IMHO a bargain at 70 c !
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