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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ -- Ignore unavailable to you. Want to Upgrade?


To: Francis R. Biscan Jr. who wrote (621)6/29/1999 10:35:00 PM
From: AriKirA  Read Replies (1) | Respond to of 1285
 
Rich,

The last trade probably reflects the price at which it will start trading. This price usually takes into account the exchange rate.
1.48 * 0.62 = 0.92

The MM(s) usually use the exchange rate to put in a fictitious last trade to get an idea of the market.

They will most probably move it a few minutes before trading starts to reflect the demand.

Kind Regards
AK