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Re: Risicare post# 41

Monday, 04/12/2010 12:18:57 AM

Monday, April 12, 2010 12:18:57 AM

Post# of 54
Good to know. I can buy the Canadian directly with IB, but, with Fidelity I have to buy via the US pink.

Was your mishap with multiple trades or just one? My experience with Fidelity has worked well. The conversion issue is what I've found to be tricky.

Fortunately, the Canadian exchange rate is close. Where I see huge problems is when trading something like Mesoblast Ltd SP Adr (asx:MSB; usotc:MBLTY) which is a great Australian company, but, on pink sheet grey. The conversion rate differences are insane.

MBLTY is at 9.779 as of last close. AU:MSB was 2.12 as of last close according to bigcharts. The difference in currency rate can cause a few mistakes.

And, AU:MSB is an entirely different stock on stockcharts. Confusion and mistakes can easily happen.

US grey is evil. But, foreign stocks on US pink being grey doesn't bother me. It's grey because they aren't reporting in the US.


GLTA... KarinCA ;)

"Be kinder than necessary, for everyone you meet is fighting some kind of battle."

Just my opinion. Your own entry and exit points will determine whether or not you made a good trade

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