daytrading march 1 afternoon, page-9

  1. 1,457 Posts.
    Just on the AMP float -

    I remember trading it in 1998....
    Members got free shares....
    From memory the float price was around $19+ but on the first day it opened up in the high $30's (from memory) and quickly hit around $45.... Before droping back to the float price in the next few days....

    Was pretty funny to watch as back then the ASX used to have a different pre-open matchup which calculated the opening price with a average price and volume calculation...
    On the day AMP had small bids at like $70 ....

    AMP did demerge their UK assests later so the current price is not a true reflection...

    Used to get some pretty big gap ups back then....
 
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