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Subject:  Re: Buying Foreign Stocks with E*Trade Date:  2/2/2007  1:27 PM
Author:  bunkerbob Number:  59 of 196

Thanks GS: actually the guy I spoke with said almost exactly the same thing at first, i.e. that I wouldn't be allowed to buy direct if an OTC version was available. But after I asked a couple of questions, he volunteered the $45 option. So maybe they have a standard policy, but also some wiggle room.

Regarding Bill's comment about pricing of the OTC vs. underlying: in both of the cases I looked at, the average of the bid/ask on the OTC seemed to track very closely to the average bid/ask on the underlying. So at least in these two cases the OTC offering seemed to be properly priced, albeit with the higher bid/ask spread.

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