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Strategies & Market Trends : Strictly: Drilling II
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To: gold$10k who wrote (16874)8/3/2002 3:55:16 PM
From: chris714  Read Replies (1) of 36161
 
Thanks Vt....for you more in depth account of the MM process with the Canadian junior golds.

I was aware that WCOPF was not an adr....I was just following up with his post....he seemed to think that it was an adr....but the main point was...." is it okay to buy the American 5 digit symbol versus CA:WTC..for example

You seem to be well versed in this area.
My experience with it was: frustration and anger at first....followed by the realization that (1) yes I do not get good fills on these 5letterstocks (2) however if the stock is a bargain...I do not want to be pennywise and pound foolish.
Correct me if I am wrong....but I believe that we lose 2 cents....one cent added on both the bid and the ask--against us...of course this is only an average and they can do what they want I guess.
For me...I found that the main hang-up was to get over the thought of some Canadian MM making money on my order right off the top....I usually pride myself on getting good fills.
Those good fills....simply will not happen under these circumstances.
Do I still want the stock?
If so, I swallow my penny-pinching pride and buy it.

ValueTrader--- I always appreciate your insight, market calls, retracement levels etc...
I'm back up to 16% PM's (high for me) I hope we fly

Chris
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