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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?


To: bucfan who wrote (22599)7/23/2006 8:48:38 PM
From: Schnullie  Read Replies (3) | Respond to of 37387
 
Hey, that's the first I've heard of a pink sheet listing for Lundin. I'm very certain that there was no pink listing when I posted a few months ago regarding the acquisition. Did you very recently purchase them?

What I meant by being illiquid is that Lundin previously traded only on the Swedish exchange. That usually means one has to contact the foreign desk of your broker to arrange a trade over the phone. Certainly no on-line trading, at least through Schwab. I incurred a charge of $200 for such a trade the last time I did this through Schwab. Hard to get real-time pricing, etc.

Trading with the pinks isn't much better but at least you can do it on-line and pay a standard charge. The new pink listing of Lundin may change my near-term strategy for Valk shares.

I guess I'm now back to your original question: What to do with Valk shares. In this market environment, I'm not in much of a mood to leave money on the table....but hoping somebody out there has something to say that will change my mind.