Scotia iTRADE still shows 15.09
Attachment 144894
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Scotia iTRADE still shows 15.09
Attachment 144894
I believe you're missing the effect of arbitrage here.
Let's try a little thought experiment. As a starting point assume the dollars are at parity, and a given stock is $10 on both markets. I buy some on the TSX.
Suddenly, he(ll) freezes over (just to demonstrate how extreme things have suddenly got) and the CAD goes to USD$0.50 overnight.
The brokerage firms and others who deal in multiple markets and currencies for a living smell profit. They quickly start buying shares on the TSX at CAD$10 per share. They buy a million shares (CAD$10M) and immediately turn around and sell them on the NASDAQ, for USD$10M (the market price). They head over to the currency markets and sell the USD for CAD$20M. Doubled their money, smart b*stards.
Except it doesn't work quite that way of course. They bought on the TSX and drove the price up as they were doing it. They sell on the NASDAQ so the price is driven down. Now it's at CAD$14 up here, and the same stock is USD$7 down there. By the time they've finished the job they're actually making basically no gains because things have balanced out again. But, oooh, nice: I sell my stock for CAD$14 (market price) and gain 40% on the day. (Edit: I originally had this last sentence on the paragraph above, out of sequence. Makes more sense here.)
Of course, it doesn't work that way either because everything is done in much smaller increments, spread over hours and days, and you'd never see any such sizable transactions and gains.
Unless I'm totally missing something...
But your analysis completely ignores the fact that the stock prices will move as a result of buying and selling, so I can't accept yet that it's a complete description of how this works.
Forgot to mention this was in a TFSA so there is no margin and I can't spend cash I don't have in the first place.
K...lets see the delta on that ;)
Quote says 15.09 account says 14.66
I would call your institution, you should be able to trade instantly with funds from a sell (even though no real funds exist in your account)
Attachment 144895
that felt good
weird...mine shows the 15.09 on both?
Hahaha...well done.
I work for GoC and still stuck working. Guess I not special enough ;)
Posted via CB10
yeah kinda weird eh its happened before also but the gap has never been so high
Okay just wanted to make sure you are not sending me on a wild goose chase. I will definately look into it.
You know what is really annoying is that when you find a comment that you want to respond from, it is five pages behind...
Posted via CB10
I think we are ships passing in the night on this whole FX thing. I suppose if you had a super computer and lots of money you might be able to make some arbitrage gains . The morale of the story is if you are Long and you have more confidence in the US dollar than the Cdn dollar then buy BBRY on the US exchange and sleep better.
Totally understandable. The TSX 15.09 is adjusted to incorporate BBRY's recently announced profit (plus a few cents for pain and suffering) but it was only distributed to Cdn shareholders. US profit sharing will be rolled out......"sometime in the coming months". Can't imagine how no else figured this out yet!!!
They have about 60 buildings spread out through the city of Waterloo.
Nothing really special about them from the outside.
Musical interlude...sorry (easy is...easy, and this one is kinda fitting ):
https://www.youtube.com/watch?v=a5w4DfUvdcw
I've been playing catch up all night
So what’s the local mood there? Are people excited, dejected...couldn't care less?
I like yours better, lets go with that
well I wake up to have gone from +4% to negative. lol. what happened guys?
Head fake...we have the shorts running, it will be fine ;)
Well Would you look at that
I did much better on iTRADE than I did on TDWaterhouse
This is one screwed up stock
Attachment 144908
How screwed up is that lol thats exactly what I was talking about, what does that even mean
Good night all (and morning to some :))
https://www.youtube.com/watch?v=pN-U5aE6Rog