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Monday, 10/09/2017 9:20:41 PM

Monday, October 09, 2017 9:20:41 PM

Post# of 11473
Do your American brokerage accounts allow you to buy Canadian shares?

I've been playing around with about 10K CAD selling EMH Canadian side and buying EMHTF when Canadian bids and US asks gives a decent trade off. Considering exchange rates plus forex fee and trade costs of course. On a few occasions in the last 12 months (maybe 5 or 6) I've managed to make this move and net 1.5% gain. On one occasion my theory is that marker makers were sleeping or not paying attention but I managed to trade in-kind from EMHTF to EMH that resulted in a 6% net gain.

Asking mostly out of curiosity but also giving you guys a heads up that MMs will make that more first thing tomorrow morning and EMHTF will likely drop a few points in early trading. Either be ready to buy on the dip or sell first to buy back immediately after the MMs do their CAD/US trades. Or safely do nothing and hold tight because everyone knows this is going to 20$ a share in a few years ;)

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