RE:RE:RE:RE:85% shorted yesterdaySTOCKzorg, im actually quite dissapointed..........you seem to be one of the more rational pumpers................
dissapointed that you dont even know how basice markets operate.......................and even if they operated in the way you think, it still doesnt matter as its a tiny piece of the overall trade.....
BUT PLEASE AVOID THE US OTC.......UNLESS YOU ARE ARBING.....
In canada, alot of brokerages have blocked trding on the US OTC............for good reason
TudManiak wrote: stockzorg, youre sadly mistaken.......
if you have an account that will not execute for you on Canadian exchange, you need to switch brokerages!!!!!!!!!!!!!!!!!!!
I get that being in the US, you cant open a Canadain borkerage account.........but you can still trade on CDN exchanges through a US broker!!!!!!!!!!!!!!!!
the arbs take advantage of retail suckers like you who dont know better.............
as well, on OTC you are at mercy of the market makers..............your order, buy/sell, does not show up to everyone.........jsut the market makets.............its a scam................
many juniors get a US OTC listing cuz they think theyll hire some US pumpers that will make it move due to pumpin and lack of liquidity on US OTC...............but rarely works out that way.......and if it does, its brief......
STAY AWAY FROM FREAKIN US OTC....
stockzorg wrote: TudManiak wrote: Frodster, TUD traded almost 500,000 sahres in Canada yesterday................
The main reason you see shorts on the US OTC for close to 30k, is the arb play...............traders short on OTC when price is to high and cover on the TSX or other Canadian ATS
Trading tud on US OTC is for suckers.........unless you are arbing between price on US OTC and Canadian exchanges..........
You can actually match up the timing of the trades on OTC and see the price mismatch (sometimes pos sometines neg) with Canadian exchanges.......
As a general rule, never retail suckers should NEVER buy/sell on US OTC
fordster wrote: Sep 15 NA NA NA 34,762 29,263 84.18 https://www.otcshortreport.com/company/TDRRF
This shows how little you know about OTC trading in the USA. First of all, we're not allowed to buy on Canadian exchanges, so there's no option there. (Yes, there are workarounds, but I prefer to keep my record clean). Second, when we buy on OTC, very often the shares must be obtained in Canada to fill our orders. So you see the same transaction at the same time on both OTC and an exchange in Canada. The price differential is a combination of the currency exchange rate between the Looney and the U. S. dollar, and also a price difference if the broker can get the shares at a slightly lower price on the Canadian side (when I was on the trading floors we called those transactions the "street side" trades to get the shares). Whoever is making the market on that trade gets to keep the difference (the spread) as part of their fee for performing the service.
When the same trades appear on both exchanges, as a result, it appears that there could be a short/long arb going on between the Canadian exchange and the OTC. However, that's not the case at all - there is only a single transaction on the OTC that is being filled in Canada. The same situation occurs when we sell on OTC and the fill from the buy side comes from Canada. In both situations, the volume appears both on OTC and in Canada - volumes are therefore overstated in total, which needs to be taken into account if you're doing any analysis based on share volumes.
I imagine there could be some arb trade there, but it would only work if you were the market maker. The much better arb trade has always been between the stocks of the Three Amigos when they were mispriced relative to each other.