TD - Toronto Dominion Bank Message Board

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Gold/Mining/Energy : TD - Toronto Dominion Bank

TD 80.55

-1.7%

3:59 PM EST

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To: rakitup who wrote (205)	5/10/1999 10:30:00 PM
From: Thomas Kelly	Read Replies (3) of 358

By my reckoning, TD closed $1(C) higher on the NYSE today than it did on the TSE, i.e. closing price New York: $53.75US x 1.46 = $78.475C. Closing price TSE = $77.45. Expect the arbitrageurs to move in and close this gap, so I would hope TSE opens at least a dollar higher tomorrow. Could go the other way, I suppose, but I am hopeful that US investors have started to take the lead and will now establish an upward trend. Volume is still very light though. Tom

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