View Full Version : NZX
10-06-2004, 01:15 PM
What the hell is happening to NZX shares. Another fall today. Is there a bit of panic selling in case it continues to drop further. Are we likely to see it hit $9 again? Your thoughts.
10-06-2004, 01:34 PM
Reserve Bank put up rates 25 points today and expect further increase in the future.
10-06-2004, 03:02 PM
As I do not have a feed of NZ share data to my charting program I am relyng on a fairly simple chart from Access Brokers but it would appear the NZX maybe at a resistance level from where it could turn but if the resistance level is broken it will continue to fall. Next week should give more of a indication
10-06-2004, 04:50 PM
This stock has been going up and up, and there appears to be very little in the way of support and resistance levels. I note that volume has greatly diminished over the past six months.
One explanation I suggest is that it was becoming a $10 stock, in which generally there is a reluctance to buy/sell >$10 stocks in the NZ market.
26-07-2004, 04:24 PM
Big line of stock just got traded off market
That's 6% of the company.
Only a few holders had that much stock.
Remember no one entity can hold more than 10% of this stock.
26-07-2004, 05:35 PM
It was Computershare selling off their entire holding according to the SSH notice...
26-07-2004, 09:05 PM
Yup see that now.
Obviously Computershare are less than impressed with the NZX plans to get into the registry game.
I think they would of liked to of taken a bigger stake in NZX to avoid the potential competition however the 10% cap on put an end to that dream.
They would have booked a nice profit on that sale picking up most of their shares sub $4.
26-07-2004, 10:21 PM
I wonder if it was sold to just 1 party? Guess we will see if there is a follow-up SSH...
How are others fairing.....slowly gone down hill over the past 8 days to be now 3.38% down over that time:(
Oops..pretty easy really when you hold TEN, GDC,TRH etc
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