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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: No Mo Mo who wrote (14434)	1/30/2010 3:16:52 PM
From: gold$10k	Respond to of 48092

You have stated the issue well. Market makers for some Canadian stocks will treat you fairly through the pink sheets and others will rip you off (always use a limit order). I use Penntrade for the latter... most often the penny stocks. Also, a GTC order for Penntrade will cost only a single $30 commission regardless of the number of partial fill days it takes to fill your order whereas others charge an additional commission for each day that you receive a partial fill... and there is a free trade for every 10 paid trades.

To: No Mo Mo who wrote (14434)	1/31/2010 2:21:42 AM
From: hubris33	1 Recommendation Read Replies (3) \| Respond to of 48092

I still think, over all, one is better served using the resources that traders use... such that one has direct access to the TSX and/or TSX-V with a full range of order tools. Interactive Brokers MB Trading But hey, if one wants "slippage" have at it! Schwab and TD AmeriTrade are problematic with the pinks: the broker that clears for them often gets traded around or is slow posting to a MM broker. This happened to me alot when I "guessed" what price at which I shoud place my limit order or used "out of the money" (OOTM) limit orders. Best bet is to get a RT feed prices from TSX (bid/ask) and for the USD/Loonie (ask/bid) cross, multiply them out to get a target price. If one enters a buy order with TSX ask x USD/Loonie bid one will usually get filled right away. In my experience, limit orders (out of the money) are often traded around or ignored unless the market moves way past them and the MM looks back and decides to execute your order at face value and pocket the difference - and hey, it's the Pinksheets, so "anything goes!" Can't tell you how many times I had to call CyberTrader, Schwab & TDAmeritrade international desks to get them to execute an old, previously OOTM limit order that was now ITM by a nickle, dime or even two-bits. However, trading directly on the TSX and TSX-V with IB allows me to buy directly, participate in the "local" liquidity, scale the orders as to not dump a 10K or 20K order on a thin market all at once and to use bracket orders (concurrent targets (limit order) and stops) to limit risk & lock in profits. JMHO, fwiw. Good luck! H3