I suppose I could do that occasionally. I don't know what the CTC guy was talking about for sure, but my guess is that it's the fact that they are putting together a web page for Lenox. They aren't very up on what's practical on the WWW, so I would take what he said with a large grain of salt. They've even asked me to help with the design of the page, and I have given them some advice, but who knows what they'll put together. Unless the Yahoo site starts making accurate quotes available, I doubt anything they do at CTC will make a difference in that regard.
It's not hard to convert quotes in Can$ to US$ if you aren't too demanding about precise and up-to-the-minute conversion ratios. The conversion ratio has been pretty near to, though less than .75 for months, and, since I'm only looking to buy more at these levels, that's what I use as a rough guide. So, with the last quote I saw being Can$2.30 that xlates into US$1.72 or $1.73. That quote is also indicating the stock is up Can$.10. But, the way the reporting on these things works, all that means is that the last trade was to a buyer. If someone wants to sell, they'll only get Can$2.20 (or less), and the report will indicate that the stock is flat or down. You need at least a move of Can$.20 in order to have any real movement in the stock price. That's why I thought the stock had started to move up. Someone sold some for Can$2.10 and the bid/ask was Can$2.10/2.20. (At .75 conversion that would put the ask at US$1.65.) However, I have had an order in for weeks to buy more at US$1.70, and I didn't get filled. As soon as someone bought some, they apparently bought it for Can$2.30 -- the market makers increased the spread to Can$.20 or moved the bid/ask up so that the ask is Can$2.30.
It's clear to me what one lesson is. If you want to establish or add to a position, don't use limit orders that are below the ask.
FWIW.
Regards,
-DT
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