Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : EDRGF - Endeavour Silver Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Radiosport who wrote (10)	4/20/2005 1:22:10 PM
From: jmhollen	Respond to of 17

It's a matter of personal preference really. Based on some sour experiences with Canadian stocks, I won't buy them. I'm sure there are Canadians who have had the reverse experience with American stocks. And, like you said - it may be a matter of convenience regarding your brokerage account. John :-) .

To: Radiosport who wrote (10)	4/20/2005 4:25:32 PM
From: rrufff	Read Replies (1) \| Respond to of 17

John, I don't think it makes any difference. Both are symbols for the same stock. The pink sheet quote is US $ while the .v quote is $Canadian. If you send a bid to buy the pink, broker will convert to $C and send to V exchange. Think of pink quote as more a convenience to allow you to trade online rather than talk to a broker who calls the Canadian floor and gets the C quote. I'm no expert on this but I understand that there is about a 1/2 cent spread on the conversion from US to C built in plus your usual bid/ask spread. Be careful in entering a bid or offer based on the pink sheet quote as it may be very stale. I've found the best way to trade Canadian stocks for a US account is to get the Canadian quote, convert to US dollars and then use that to enter the pink sheet bid.

To: Radiosport who wrote (10)	5/6/2005 6:19:16 PM
From: silverminer	Respond to of 17

Scottrade will absolutely not permit the pink sheet purchase of any OTC stock which is also listed on either the TSX or the TSX Venture Exchange. They will (as company policy) force you to purchase your shares from the TSX or the TSX Venture Exchange instead. I speak from multiple trade experiences here. They will also accept such orders only by phone, at a whopping $27 commission per trade. I've taken the question of why this is so up the Scottrade ladder, and the answer is always that purchases must be made on the exchange of most volume, which inevitably is not the OTC pink sheet exchange. As to why this is so, I have no idea. I've taken my OTC trading to "MB Trading", which has no qualms about online trading in OTC stocks, and has an OTC fixed rate of commission of only $8.95 per trade (whether done solo online, or via broker assisted phone trading).