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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (100048)	12/21/2003 3:55:48 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

Yes, using the pink sheet symbol EGYSF. To build the position--to get executions--I did something I never did before with pink sheets, and which is not wise, as I am sure you know: I placed market orders. But the executions I got were within reasonable range, as best I can tell, of the currency-adjusted quotes on the Toronto exchange. When I placed limit orders they did not execute, but when I changed them to market orders, in most cases I got a price below what my limit had been. I would say that if you get your stock directly from the Toronto exchange (which I cannot do, certainly not by Internet and not for my IRA) for a commission that is around 1% of the transaction, that's the thing to do. I estimate my own transaction costs at maybe 1.5%, which is satisfactory to me because I have no intention of trading this holding. I may even have it transferred out of my IRA early next year, pay the taxes on the distribution, and then hold the stock for the tax-privileged income (and also for 15% long term gains in case it appreciates and should I ever decide to sell it).