Forum Archive Index - June 2000

["Geoff Ewert" <gewert@wai.quik.co.nz>]

When was the last time there was a minimum $50K requirement?Is this a ploy
knowing small investors will push the price up to get on board?What do
chatters think of this practice?
----- Original Message -----
From: <kevin.young@gfmb.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, June 27, 2000 11:35 AM
Subject: [sharechat] RGM/FRO


>
>
> RGM will be listing on the NZSE and the ASX on Friday 30 June. Only 3 days
away.
> Will investors/traders who couldn't afford the $50,000 minimum parcel be
jumping
> in. I heard that DFM allocated a few small parcel of shares to some of
their
> clients after the institutions and large investors got their share.
>
> Remember Chrome Global. NZ investors/traders pushed the opening share
price to
> $1 while the ASX were showing an opening price of around 40c. When the ASX
> opened later on the day Chrome fell to 40c.
>
> Any investors/traders buying on Friday. Any guess on what they will close
at on
> Friday.
>
> Kevin
>
>
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