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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: peter snowdon who wrote (4231)	6/9/2002 8:00:54 PM
From: russwinter	Respond to of 39344

<if i buy the pink sheet 'versions's of canadian juniors, will i live to regret it?> The executions are worse IMO and there is zip order flexibility. With a few exceptions of stocks that sometimes trade decently like GBGLF, it's a take it or leave it market. I doubt if the pink sheets execute often inside the spread do they? Inside spread execution is the name of the game in juniors. I rarely buy at the ask or sell at the bid if the spread is more than 2 cents. When you go to the Cdn exchanges the chances for inside the spread trades are very good. Point two is that you don't know the size bid or offered on the pinks and on the Cdn exchanges you do. Since I sometimes trade in larger size, I need to know when there is enough to accommodate me. Plus brokers that quote CDN listed stocks in US shave extra dollars on the "conversion". Some are worse than others I suppose. About the only one trading in US terms that might make sense now is Ameritrade as they have a very cheap commission of $23. Still I ran some trades through my Dad's account there and I estimate the "extra" for the Cdn conversion ran 0.4%. It's about that at Greenline too but you can just leave your proceeds in Cdn dollars, and not convert back and forth and back and forth. In the end I calculated about a wash with Greenline's higher commissions but direct links to the Canadian exchanges and ability to hold Canadian funds. But even with Ameritrade it's a take it or leave bid-ask quote. I feel I just come out better with Greenline and going direct to the CDNX (actually a pretty good trading exchange)and Toronto on the majority of trades.