10-16-2003, 06:00 PM
Tuesday, was a nightmare market crashed losing 139 point, and interestingly National Bank was offering a new share issue at a discount rate of 46.15 to general public throug its own branches, market rate was 47.00, but unfortnately market crashed next day and the share in the market went down to 45.00, I knew that they are not going to see this IPO failed and Investment dept of national would trade heavily in order to raise the share price so i brought a couple of thousand shares at 45.00 and right now it is being traded at 48.85/- and once this IPO is finished and new shares hit the market it would go back to the same 45.00
