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Orbital Engine Corp. Ltd. (OE) Message Board

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  • foolishrat5 foolishrat5 Jan 18, 1999 8:21 AM Flag

    Coupla things...

    I agree that the timing was very unfortunate;
    but, when you trade on a global scale their is not a
    lot that can be done. I believe the company should
    make the announcement public as soon as the ink hits
    the paper. If they would have tried to keep this
    secret until the market opened on Tuesday it would
    surely have leaked out and given others a chance to buy
    the stock at low levels.

    Anyway, the bottom
    line is, a market that runs from 9:30 - 4:00 does not
    adequately serve investors in a global marketplace. Our
    markets have not prepared for this and it will be awhile
    before there is 24 hour (or some similar version)
    trading.

    Also, I have never tried to trade through
    instinet, but this would have allowed you to buy on Friday
    (if they trade ADRs?)