hi ptawn001 i've noticed a few sly buys in the past couple of...

hi ptawn001

i've noticed a few sly buys in the past couple of days.

someone putting up 500K each time.

reckon we start dancing in the streets the time has arrived.

IMO the major shareholders will stay with Nido for sometime. perhaps buying more from the nervous nellies.

regards


Subject: average entry price
Stock Code: NDO - NIDO PETROLEUM LIMITED
Posted: 02/08/07 6:13:46 PM Hotcopper Radio: NDO on BoardRoom Radio
Posted By: ptawn001 Views: 1
Post #: 2001056 (Start of thread) Sentiment: None
IP: 203.167.xxx.xxx Voluntary Disclosure: No Stock Held

Hey Sandy be cautious. When the market is jittery the big boys tend to take profit from the table.

My calculation shows the average entry price for Merrill Lynch 's clients is about 15.3c per share. So they are enjoying a healthy paper profit of around 80% at today closing price. Not too bad is it?

This is based on 85.5m share placement at 4c in 2004, 95.3m shares @ 15c in 2005 and 78.2m shares @ 28c in 2007. My calculation ignored the convertable bonds issued in 2006.

Just my thought.