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Re: bywisdom post# 312

Tuesday, 01/04/2011 12:03:14 PM

Tuesday, January 04, 2011 12:03:14 PM

Post# of 12573
EXSFF will always follow EXS.V... When you purchase shares of Explor in the states the brokerages first look for those shares stateside. If nobody stateside is selling then they go to the canadian markets to pick up the shares. The two symbols will always follow each other. There are two things that will make the two symbols different... 1. when one market is open and the other is closed. 2. The US dollar and Canadian dollar exchange rate. So if you are investing from the states, you have two things working for you. As the dollar declines in regards to the canadian dollar, EXSFF is going to rise in price to compensate for that exchange rate. So by having your money parked in any canadian based company you are essentially taking your money out of the dollar and investing in the canadian dollar as well as that company. Right now the canadian dollar and the US dollar are about equal, thus the two symbols are about equal.
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