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kipp440

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kipp440

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Re: None

Friday, 03/06/2009 4:42:46 PM

Friday, March 06, 2009 4:42:46 PM

Post# of 35736
BTO.TO and SMC

Did BTO.TO really trade 781,800 shares, closing at C$.69? And SMC 58,064 at US$.56?

Canadian Dollar = .775 USD.

So BTO.TO at .69 x 1.28 equals $.883 Canadian

SMC at .56 US is worth .7168 Canadian

$.166 Canadian arb spread

The volume in BTO.TO makes me think this spread is a safer bet than when there was no volume in either stock.

What do any of you think?

Kipp
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