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Gold/Mining/Energy : Cusac Gold Mines (CUSIF)

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To: charles catlett who wrote ()6/3/1998 9:29:00 PM
From: Brian Diggle  Read Replies (1) of 379
 
Cusac trades on both TSE (CQC) & NASDAQ (CUSIF) An arbitrage opportunity appears to exist for someone who can trade at low cost.

I can't do this because, for example, to buy on NASDAQ, transfer the shares to my Canadian Account, and then sell on TSE would cost me $150.

Cusac is a thin trader on both markets, so you would need to do this in small lots. (So you need to do this with small commissions.)

This arbitrage opportunity did not exist 1 month ago and may disappear as soon as it appeared, but it seems to be there now.

Check it out:

15 minute delayed quotes at:

nasdaq.com

symbol cusif

tse.com

symbol cqc

Remember to factor in the difference in the "dollars".
1.00 $C = 0.68$US (approx today)

If you make money on this "opportunity" then send me a X-mas Card
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