Forum Archive Index - July 2000

["Taylor, Julian" <taylorj@cba.com.au>]

thanks Adam

you seem to know quite alot about the market
im just a newbie
but i kinda figured trading was halted
i was just wondering about the actual term "pre open"
and wether any thing else particlur happens before the stock trades again? 

also i tipped NGH on this forum 6 weeks ago when it was 11 cents 
now its 55 with a price sensitive announcement pending
and market talk on bloombergs has tipped it passing a 52week high (71cents)
on recommencement of trading
so hopefully theres lots of little maniacs running around out there

jt



> -----Original Message-----
> From: Adam Rands [SMTP:adam@iguana.co.nz]
> Sent: Monday, 31 July 2000 11:20
> To:   sharechat@sharechat.co.nz
> Subject:      Re: [sharechat] NGH
> 
> Jt
> 
> "Pre open" occurs when an exchange temporarily halts trading when a "price
> sensitive" announcement is about to be released..
> 
> They put the stock into preopen, release the announcement, give the market
> 15 minutes to digest the news and then open the stock back up for trading.
> 
> I'm not sure how the decided what a price sensitive announcement is....
> 
> As for NGH. I reckon you would have to be a maniac to buy that stock ;-\
> 
> Adam
> 
> 
> 
> -----Original Message-----
> From: Taylor, Julian <taylorj@cba.com.au>
> To: 'sharechat@sharechat.co.nz' <sharechat@sharechat.co.nz>
> Date: Monday, July 31, 2000 11:02 AM
> Subject: [sharechat] NGH
> 
> 
> >ASX has placed NGH in pre open pending an announcement from the co.
> >any body know wether announcement good or bad
> >and what does "pre open" mean?
> >
> >jt
> >
> >
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