by Travis Johnson, Stock Gumshoe | February 6, 2015 7:02 pm
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FYI, Pershing Square Holdings just got an OTC/pink sheets ticker. Probably won’t be any volume, at least for a while, and many brokerages will probably require phone calls to trade the stock, but it’s now at least theoretically buyable in US-only accounts. Ticker is PSHZF.
Thanks, Travis. It started trading today (2/10/15)(gray market) on Scottrade – looks like someone bought 100 shares at $26.00. I wonder how the price for the first transaction was set. Was it some multiple of the “main” stock (ticker PSH)?
Supply and demand.. When both Euronext and NY are open simultaneously I assume it will be possible to get shares within 1-2 percent of the live price in Amsterdam, giving a market maker the chance to scalp a few cents both ways (typically you might have to pay a premium to get their attention to get you the shares, then sell at a discount if you need to get rid of shares). Who knows, though, such illiquid stocks are dangerous to hold if there’s any chance you’d have to liquidate in a hurry. Shares at $26 today is not too bad — that’s half a percent more than the closing price on Euronext, and still less than the latest NAV per share ($26.82 on 2/3)
Hi Travis, i like a lot y reviews. However i think y are dead wrong about TGI. I bought it when i saw your article and do some research, and been accumulated since there. I think it´s a long term winner. Let see in future who´s got it right. Best Regards
Thanks Antonio — I hope you’re right. It’s certainly possible that it’s bottoming out now, with all the bad news in, but I don’t know enough to make a strong bet on that possibility. When I wrote this a week ago I thought it was worth holding with a stop loss down around $49 or so, it has certainly been strong — back up by 10% or so in that pretty good bounceback from the weak earnings report.