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Re: starboy post# 116

Saturday, 09/08/2012 3:22:18 PM

Saturday, September 08, 2012 3:22:18 PM

Post# of 288
I would follow SGN.V if I were you, that is where the volume trades. SRCRF is how I have to buy and sell it, but the volume shown on it is not accurate for the amount of shares it is actually trading. The way Schwab explained it to me is that if your order matches the current bid or ask on SRCRF it may be executed and show as SRCRF volume. Otherwise your order is adjusted for the currency difference and submitted to the Canadian exchange. The Canadian dollar is currently a little over 2% higher than the USA dollar. I use this link to check:

http://www.xe.com/ucc/convert/?Amount=1.00&From=CAD&To=USD

So real life Friday, SGN.V traded between .64 and .69, and adjusting for currency, SRCRF would trade between .6528 and .7038.

Looking at your link, you would not know how high it really traded.

Hope that helps, it is confusing at first, but I've gotten used to it.