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Politics : Rat's Nest - Chronicles of Collapse
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To: Bill on the Hill who wrote (3673)2/19/2006 11:33:50 AM
From: Metacomet  Read Replies (1) of 24212
 
Thanks for the reply

I am aware of the thin trading problem on the Pinks

Was trying to reassure myself that trading in foreign issues on the Pinks does in fact move dollars away from exposure to US currency valuations (more specifically de-valuations).

Conceptually, when I place my order thru my broker (Fidelity), for a co-listed Canadian stock, using the example of Connacher Oil, CLLZF on the pinks, the dollars in my account buy the shares, revalued according to the exchange rate in effect for Canada.

The shares that move into my Fidelity account are identical to those sold in Canada under the symbol CLL.

Consequently, any change in value that those shares experience, while in my Fidelity account, are reflected in changes in both market cap, in Canadian dollars, and the exchange rate factor when I liquidate back into US dollars.

That is my interpretation and I think it is valid, just wanted to be sure that others see the process the same.

I have not really looked at any of the trusts.

The intracacies of the tax regimes and brokerage complexities have discouraged me.

That and the performance of select individual Canadian stocks have kept me busy picking stocks.

I am interested in the new Canadian Oil Sands ETF.

Any idea how that will be available to American investors?
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