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dakotaben

07/05/12 11:15 PM

#35095 RE: learning curve #35092

dear jeebus man.... I know you think I work for somebody or something ridiculous like that... but I don't. I am just a guy with a few bucks in this penny stock. All insano in the braino aside, I had no idea what an ADR is until you just gave me something to google. Thank you. It still doesn't answer the question I am seeking an answer for. The volume is zero, but the price is changing and changing dramatically on the foreign exchange... but no volume. Is it the equivalent of after hours bid/ask or what does it mean.

For those of you who don't know what ADR is.

Definition of 'American Depositary Receipt - ADR'

A negotiable certificate issued by a U.S. bank representing a specified number of shares (or one share) in a foreign stock that is traded on a U.S. exchange. ADRs are denominated in U.S. dollars, with the underlying security held by a U.S. financial institution overseas. ADRs help to reduce administration and duty costs that would otherwise be levied on each transaction.

Read more: http://www.investopedia.com/terms/a/adr.asp#ixzz1zoBd50P6