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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Rajiv who wrote (48547)1/3/2000 6:24:00 PM
From: David Smith  Respond to of 122087
 
I'm aware that NWLL=ADSP=CPIH=XING.

How 'bout that equation??

Edit....NWLL just dropped a fast 10 bucks in a few short minutes. Moron's remorse.....



To: Rajiv who wrote (48547)1/3/2000 6:31:00 PM
From: SunSunM  Respond to of 122087
 
>> 10 shares = 1 ADR <<

What is the implication? TIA.

KC.



To: Rajiv who wrote (48547)1/3/2000 10:10:00 PM
From: Mark Davis  Respond to of 122087
 
In case anyone was wondering, the mystery of NWLL's precipitous tankage at about 6:08 has been solved.

Seems that the Aussie mkt opens at 6pm EST, and some enterprising souls apparently took advantage of some neat arb opportunity. I thought of doing it myself, but I'm afraid my international brokerage accounts aren't up to snuff.

According to early reports, the local shares traded at about $2.75 Aus, or $18 or so for the US Adr's, which explains most of the selling.


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