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[sharechat] LOK and NRT

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Tue, 7 Jan 2003 12:40:33 +1300

LOK rose from A 23 cents to A 26 cents on the Nasdaq. There is an ongoing thread on the other channel.

I wonder if it could pick up more before the quarterly Dec. report will be announced on 28 Jan.

Re NRT. it rose to $A3.98 on the Nasdaq.

There are "marketmakers" from US operating in NZ . Their job is to cover the ADRs. It seems that the demand in the US is much higher than the supply.

While the matter concerns demand and supply in Australia, I have often wondered what influence these few people have. Enough said. Most of the time we finish up with prices much lower than those in the US.

I suppose they have to cover their costs and people are too quick selling their shares.

Gerry

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