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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > FINALLY broke through $.90.....
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Post by tony1969 on Apr 03, 2012 11:33am

FINALLY broke through $.90.....

in Canada.  First time since Feb 13th.  Hope she holds and goes higher.
Comment by rappy7 on Apr 03, 2012 2:24pm
"In Canada" is the only thing that matters, Tony. If you're trading in "Pink Sheets," you might as well buy swamp land. Pink sheets are merely proxies, NOT real shares. There are online brokers in the USA who offer trading direct on the TSX from the USA. FInd them.
Comment by hoosier1 on Apr 03, 2012 3:19pm
Don't necessarily agree with your position on "pink sheets"... they are real shares... see following explanation from an investing site: "Any stock that trades on the Pink Sheets falls into one of these two categories: (1) companies that don’t meet the listing requirements of the New York, American or Nasdaq stock exchanges or (2) companies — usually foreign — that are unwilling ...more  
Comment by tony1969 on Apr 03, 2012 3:30pm
Rappy, I have no idea why you are bringing up pink sheets regarding my post.  My online broker has trading access to most major markets including the TSX which I trade on.
Comment by rappy7 on Apr 03, 2012 9:02pm
Alright Tony, you're off the hook.   But Hoozier, these days if your broker doesn't allow direct trading on a foreign exchange, they're just being cheap and doing you a disservice.   "Pink sheets" can have very different prices than the actual shares in Canada. Average volume is much lower (less liquid). The spread between buy and ask is usually wider. All that puts ...more  
Comment by hoosier1 on Apr 04, 2012 8:20am
rappy: "Pink sheets" can have very different prices than the actual shares in Canada. Average volume is much lower (less liquid). The spread between buy and ask is usually wider. All that puts the "pink-sheet" trader at serious disadvantage. Totally agree... it can be much more difficult   h1
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