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Re: Re: [sharechat] Do any brokers in NZ support day-trading?

From:	Zen <zen.sen@carv.com>
Date:	Wed, 14 Jun 2000 17:21:59 +1200

You wrote:
For example, the top riser on
the NZSE yesterday was Pure NZ, however, when I looked at the volume, the 6c
increase in the share price was over only 100 shares, at a grand total of
$19 (the brokerage on the transaction would have cost more!). Thus, if you
had held that stock and thought of taking a profit, there most likely would
not have been any buyers anyway.

By the way, regarding the above transaction - why would someone do that?

Market Makers are doing it in US. But there are not any stocks trading with daily volume of 100 shares!
NZSE is the real king of liquidity.

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