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Golden Ocean Group Limited Message Board

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  • insiderinfo07 insiderinfo07 Oct 11, 2008 6:57 PM Flag

    Difference between down in Oslo and up in US?

    # 1.. Stock market in Oslo closes 1 1/2 hours after USA markets open. Huge volatile market action on a day to day basis have been the norm for the last 8 trading days. # 2. The volatile foreign exchange rates for the last two (2) weeks have also added to price differences. # 3. USA pink sheet markets transacct only about 2% of the daily sales volumes that the Oslo, Norway markets do each day. Also., the fear levels in each daily trading session have also produced a large portion of the daily price variances., and please note that the USA market closes 5 hours after the Oslo, Norway market has closed for the day. These are some of the factors leading to the price variances noted in your message board posting.

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