POWERSTOCK
From: POWERSTOCK (POWERSTOCK) To: Dorothy (DOROTHYW) 15 of 15
Posted: 11/15/98 11:34 AM Reply to: 317
I talked with the company and it sure sounds like the US listing is going ahead as planned. They are already listed on the Pink Sheets and there are already market makers filing forms for the Piggyback Excemption to trade on the OTCBB so it seems very clear they are going to be trading, just a matter at what level. My sources say they will be immediately set at 15 minute delayed quotes. This is fine for investors getting quotes and for the market makers, they get real-time quotes in their offices, talking with a couple of market makers in the US, they say that this level of quote is fine for them. They can now bring in US buying. Also remember that with electronic trading systems, the US and Canadian market makers can trade within seconds on any cross listed exchange, so whether the volume is in the US or Canada, it doesn't really matter. They will go to the cheapest to buy and sell at the most expensive, arbitrage is the name of the game here. As more market makers get signed up by Talbot on his trip to the US over the next two weeks, there will be more activity in buying and sell Medical. Don't be fooled by the volume here, most are flipping this play as they have done many times over the last months, it should be interesting to see if there are any shorts in this play, there was a lot of volume on Friday, with heavy buys at the offer, if the market makers were shorting, they might be in for a surprise on Monday, they may have to turn on the buy side to cover.
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