CHARLES WROTE:
"I just have to work out the details of whether my broker can trade Peptide stock, or if I'll have to transfer the Peptide shares to another broker and trade there. I've sent them an e-mail last week, and a fax today, and am still waiting for an answer. They may be clueless, but I'm sure eventually I'll get it straightened out."
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DAVE SEZ:
I got an answer from E*Trade:
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Some foreign stocks and ADRs are traded on the OTC Bulletin Board,
and you can trade these securities online by yourself. However, to trade many other foreign securities, you must talk to a live broker here at E*TRADE. In addition, although you can also trade Canadian stocks online by yourself, we recommend that you call an E*TRADE broker for a quote.
All orders for foreign securities placed with an E*TRADE broker are
handled on what's known as a "best efforts basis" meaning we do our
best to get your order executed but may not be able to. The actual
process goes like this: first, we try to find a market maker in the stock; then we ask for a quote; then we call you back to ask you if you want to execute the order at that quote; and then we place the order for you.
Only buy, sell and limit orders can be executed for foreign stocks - no stops. You pay a $19.95 commission on any order for a foreign stock.
Please note that E*TRADE does not regard ADRs as "foreign" securities
because they can be traded under their ticker symbol just like any other stock.
For further assistance, ...blah, blah, blah.
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Sounds easier (and possibly cheaper!) to trade than to get a current quote! Regardless, for me, it's a moot point; I jumped out at .71!
Good Luck to you new Peptide shareholders!
- Dave |
