<and be at the mercy of the MM...> Hi Amein {Sorry I replied in reverse order to your posts -- already collated and copied the news, etc.)
Your frustration is understandable; however, there are a few possible remedies, depending on which brokers you use. According to my information, being that PCCLF {hereafter, 1186} is not an ADR, there is the HK market being made for this stock; then, there is the separate market being made in the U.S. ( Some of you wondered why you could trade on days when trading was suspended in HK and Sing.; you were trading through the U.S. MM's.) If your brokerage has a global division, or participates with another brokerage that does, you can designate your trades as being on the HKSE or else they will automatically go through the U.S. MM's. If you want to trade on the HKSE, the order can be MKT or Limit; but, it will be placed after the HKSE closes, for attempt to fill the next day at opening. That process is NOT electronic, and entails telephone calls and "pieces of paper." There is still the uncertainty of whether you will get filled; however, barring any material news, U.S. orders placed on the HKSE seem to be accurately reflective of the market.
IMO, as a solely personal perception, if given the choice, limit orders on the HKSE are the best way to go. I would never place a market order under the conditions imposed on trading 1186, and would never place a GTC order.
The U.S. MM's have astonished me during the past two weeks. :)
Hope this helps ... and, good luck!
CJ |
