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echo: aust_biz
to: Frank Malcolm
from: Garry Norton
date: 1995-10-31 10:29:16
subject: Re: Buying SHares

Somewhere in the Ether, Frank Malcolm uttered this to
Garry Norton about Buying SHares
 FM> Hi, Garry.

 Hi Frank,
	  So how's the factory going?

 FM> Well the first (no odd lots) has in fact come in on October 1; you see
 FM> some strange trades going through (strange to those of us used to the
 FM> old rules). Today I saw 1 (yes, one) BHP, followed by 35.

 That would have caused a giggle.  Just imagin if it was a share worth a
 dollar or less :-)

 FM> Not sure if the other one has been implemented, I certainly haven't
 FM> seen any evidence but maybe everyone's just used to the old regime. I
 FM> must put in a bid for BHP at 1799 tomorrow, see if it's accepted.

 How did it go?

 FM> I guess it's horses for courses. If you're a professional investor, do
 FM> your own research, know what you want, not interested in floats, don't
 FM> need any of the other services, then you may be better off with a
 FM> 'discount' broker. But many want at least some of the rest.

 I agree and am lucky enough to have been quite satisfied with the broker
 I have used for the last 5 years or so.  But some experiances people
 relate make it easy to compare some brokers to used car salesmen :-)

 FM> Yes, I guess that could well have happened that day. I was actually at
 FM> university doing an MBA, on that day, listening to a lecture on how
 FM> efficient the markets were! ROFL!

 I would have loved to be in the next day's lecture by the same lecturer!

 FM> And so do most clients. Some go further, want to meet their advisor
 FM> in person before they do any trading. A potential client of mine with
 FM> *significant* bucks to invest is personally interviewing advisors from
 FM> 4 broking firms before deciding whom to use. I hope I'm the one he'll
 FM> select. :-)

 Goodluck with the interview (probably you've had it by now).  If I was
 about to spend a lot of money, I'd interview brokers as well!  In a sence
 I did, I asked several brokers a series of questions and evaluated their
 answers, and importantly, their attitudes.  It made it easier to make my
 decision which I am still happy with.

 GN>  I'll have to speak to the SHAW company, won't I Frank?

 FM> Would be a pleasure to talk to you, Garry. (02) 238-1360 or 1361 are
 FM> my direct numbers; (02) 238-1238 switch; (018) 411-767 mobile. Or even,
 FM> (02) 810-8202 home.

 FM> Regards, FIM.

 Thanks for your details Frank, I'll keep them for future reference and
 we'll see how things progress.

 Regards,
	 Garry


... Columbus had a fourth ship - it sailed over the edge.
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