Ride the Tiger with CD Message Board

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Strategies & Market Trends : Ride the Tiger with CD

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To: rubbersoul who wrote (20027)	11/15/2004 12:53:58 PM
From: Condor	Read Replies (1) of 313057

If ANO.U or EPM.U is going to be hindered in the market because they trade in US$ then every stock that trades in US$ will be prevented from trading at fair value. No, not fair value but prevailing demand value. I agree, for the most part, that every Canadian company that trades shares in US dollars will not be as attractive as similar companies that trade in $ CDN. Also, it doesn't make sense to have a company like OZN trade 50% higher on the Canadian side than it does in the US market. Will OZN.TO trade at $4.00 C$ while it trades at $1.50 US$ on the Amex because people are disenchanted with the US$? That is a strawman argument. It has nothing to do with my original point. In your scenario, which is entirely different, arbitragers will keep them even because they trade in US AND Cdn $. The point is that a CDN stock that is competing in Canada against other CDN stocks IMO is at a somewhat disadvantage on the demand side. Nice grub. You could have been a gentleman and let Eva take the grub! <VBG> (Sour grapes on my part) Appreciate the back handed compliment Cheers C

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