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Gold/Mining/Energy : Bolivar Goldfields (T.BVG) -- Ignore unavailable to you. Want to Upgrade?


To: pull_da_trigger who wrote (243)2/8/2001 4:06:42 PM
From: pull_da_trigger  Read Replies (3) | Respond to of 249
 
I sold out all of my traders on Tuesday. I assumed (correctly, in hindsight) that the delay in getting the TSE approval news release out meant that they'd be switching over to the CDNX. (A possiblity also mentioned to me when I spoke to the company.)
Getting back to why I sold. Not because I expect the price to drop. (On the contrary, I still hold shares in a long term account.) Strictly because my brokerage informed me when I asked on Tues AM that they do not provide any facilities for trading on the CDNX. When I asked hypothetically what would happen if I owned shares in a company that delisted from the TSE to list on the CDNX, I was told my best move would be to transfer the shares to a different brokerage to sell them. I deemed this too great of a risk to my trading capital and sold immediately (should have waited a few days in hindsight).

However, as other posters have stated, I think this company is in a great position to grow over the next few months as partners and contracts are announced.

Cheers,
P.D.T.