C P Pokphand (CPPKY) Message Board

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Strategies & Market Trends : C P Pokphand (CPPKY)

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From: Laserguy	2/15/2005 2:24:40 PM
	of 276

CPPKY ADRs vs. HK traded shares (043) You can monitor the CPPKY intraday trading on HK traded shares (043) at the (2) following links Financial Times (London) mwprices.ft.com Quamnet (Hong Kong) quamnet.com Since HK is +12 hrs EST you have complete HK intraday activity and closing prices before US markets open. With (25) HK shares/CPPKY ADR & 7.8 $HK (pegged to $US)/$US, just multiply HK traded share (043) price X 3.2 and you will have equivalent CPPKY $US price. The CPPKY $US closing price will typically be 5%-10% lower than the “converted” HK traded share (043) price. I chalk this 5%-10% lower price up to “squeeze” & currency exchange margins for MM dealing with obscure far eastern shares like CPPKY. I’m now well in the black with my CPPKY shares and will use the above info to co-ordinate timing of profit taking.

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