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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Jean M. Gauthier who wrote (3258)	12/21/1999 9:38:00 PM
From: Kayaker	Read Replies (1) \| Respond to of 24042

Jean, I think 1.48 is a bit high. Today, if you were to convert US to CDN I don't think you would do better than 1.46. The closing bid on JDSU is about 279. 279 x 1.46 = about 407. The last bid at market close is 404, so it looks about right. Actually, the CDN $ is up a bit today I think, so 1.46 is probably optimistic. This is a good site for doing the conversions. I use it for daily quotes to convert my US stock transactions to CDN $ to make RevCan happy. oanda.com

To: Jean M. Gauthier who wrote (3258)	12/21/1999 9:47:00 PM
From: Lynn	Respond to of 24042

Hi Jean, you poor, poor, overly taxed person- My first question is: Is there is 1:1 relationship between Canadian and U.S. shares? Or, does it trade more like an ADRs? For an example of a basically 1:1 ADR, STM fits the bill. The U.S. price is awfully darn close to the Milan or Paris exchange prices. Then there is ARMHY, which sells for MUCH more in the U.S. market than in the UK (under symbol ARM). No way is there a 1:1 US:UK share when it comes to ARM. Canada is a nice place to visit and I do have some really good friends there, BUT after your lesson on taxes, no way am I ever going to live there! Pack your bags, Jean, its time to move "down south!" Regards, Lynn

To: Jean M. Gauthier who wrote (3258)	12/21/1999 9:52:00 PM
From: blaireo1	Respond to of 24042

Jean, Using an exchange rate of 1.46 gets the two closing prices closer... $203 and change. However, it usually depends on the final "hit" to end the day on the TSE. The bid and the ask can be quite far apart. Take today for example. The closing bid and ask on the TSE was 201 to 205, a whopping $4.00 spread. If the final ask is hit on one exchange and the final bid is hit on the other exchange...combined with a fast moving price at the end of the day... well... the difference can be quite significant even if the right exchange rate is used. I guess this is what arbitrage is all about. You find that the difference in the exchange at the end of the day corrects the next day. Hope this makes sense. Blaireo