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To: Ruyi who wrote (27370)4/27/1999 9:53:00 PM
From: Crazy Canuck  Read Replies (5) | Respond to of 37507
 
>>Shows your lack of knowledge of the arbitrage process , where do you think that stock trading on Nasdaq is coming from ?????? <<

O.K. - then bear with me, just so that I get this straight. <ggg>

Earlier today, someone reported on this thread that Yorkton called them and told them to sell the stock. They were one of Yorkton's retail accounts. Not one of the big players.

So, say that retail investor sells their shares, and in turn Yorkton buys them.

Then according to your scenario, Yorkton then turns around and sells them at a higher price on the U.S. exchange due to the price difference.

So, to answer your question - "where do you think that stock trading on Nasdaq is coming from ??????" - it is coming straight out of the pockets of the small investors who are receiving a phone call from their brokerage firms. Who by the way, have bought waaaaaay more than they have sold.

Yup, I think I've got it now!

Crazy Canuk