Re: How to buy COU?
in response to
by
posted on
Jul 30, 2009 11:14AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
My guess is that You live South of the border like me. Cougar Minerals (sym. COU) is not even listed on the pink sheets here in the U.S. As far as our US brokers are concerned it is a "phantom" .
I was able to buy the stock through Vanguard , but I had to go through some contortions, and broker placed phone calls before I could accomplish this. First, I called my broker, and he put me in contact with the Vanguard trading desk, who in turn, took my order verbally over the phone . I had to place a LIMIT ( declared set price I'm willing to pay for the stock) type order before they would accept it. They would not take a market order for this stock. Also, important to give your broker as much detailed info. as possible ie company name-Cougar Minerals , listed exchange = CSNX , symbol =COU etc. so they don't get confused, and you end up with something you don't want.
The CSNX exchange has a website listing current prices for all 72 of their listed stocks, COU being one of them. I would check this out first ; look at the bid/ask price spread for COU in order to determine the price your willing to pay for it. Likely a "low ball " price at the bid will take longer than a bid at the "ask" which might be filled quicker. Good luck placing your order. 'Hope this helps!
I hope when it comes time to sell this stock that it is less obscure, that it moves over to the TSX Venture exchange, and it at least gets placed on the U.S. pink sheets!