RobioAXP re Canadian stocks traded as pinks
Quality rules. I bought 3 canadian stocks that I can recall that traded in US as pinks. Here are the stocks and what happened:
vaqef.pk quality driller that I compared to TGA except they were exclusively drilling in Canada so no foreign drilling risk. Very high percentage success rate, smaller wells, delays due to pipeline construction,sulphur content and Canadian permitting have been overcome by good results. Profitable with good mgmt.
Bought at US$2.454 about 6 months ago now US$3.85
sthjk.pk Bought about a month ago at 1.254, now 1.20. This is a developmental uranium mine. Another longer term energy play
adbrf.pk bought and sold for around .83. This was a combo Coal Bed Methane play and precious metals. Neither came thru as promised so I bailed.
Overall buying and selling pinks is the big issue. Very hard to get good info as my level 2 doesn't work on pinks. I use pinks.com to at least get the bid/ask spread but have to just enter my price and pray that it gets filled. I consider vaqef.pk as a medium/longterm keeper so I think I will do fine there. Trading Canadian stocks via the pinks is probably not a good thing because of lack of visibility in pricing. Hard to scrape a 10-15% daily trading profits when the spreads are wider than that! Good luck. Bobwins
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