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by cowboy on November 10th, 2009

cowboy

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Can someone explain the difference between these two stocks. chl and chlkf.

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  • by ILoveMySteaks ... is thinking. on November 11th, 2009

    ILoveMySteaks ... is thinking.

    One is the main carrier, CHL, traded on the NYSE (a VERY liquid market place) and the other, CHLKF is the Hong Kong spin off traded on the OTCBB or the "Pink Sheets" they used to call them. Very illiquid and dangerous place to play around ... don't get value trapped by a stock that is just cheap in price; leverage will kill you on the downside alot faster than it will help you to the upside.
    .
    Remember, if you have a 5,000 share position, that's half a Block trade, so it's not easy to find a buyer all the time! Stay with NYSE and NASDAQ listed, you'll find alot more liquidity and safety there! I'm playing FEED as my single leverage play right now for example, but I bought after earnings, it's a China agfeed stock on the NASDAQ, so it's liquid and should benefit from good news in China as the "recovery" happens.
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    My point is, a leverage play should be VERY WELL thought out and researched; they can be KILLERS!
    .
    My WORST EVER was SGI or Silicon Graphics ... bought 10,000 shares at 1.50 thinking it was an awesome value ... they filed chapter 11, cancelled ALL stock certificates, then reissued the stock. I have $15,000 lost money and 15,000 shares of cancelled SGI stock ... it's insane what they did.
    .
    So, even a KNOWN company can screw you if you're not careful! Be careful!! Good luck!

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