GREY:BITKF - Post by User
Post by
Tigers21on Jan 31, 2006 8:14pm
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Post# 10280100
bluemoose fyi...
bluemoose fyi...This was from Austin as well , yesterday. And it seems to be parallel to your thinking.
"It is certainly the goal and the intention of the Pres. of BIO and the
board
of directors to maintain trading in Canada and particularly on the TSXV
(the
other options are the NEX and the CNQ).
As for currency strategies, that is a complex area, where it may be
possible
to add to a share gain by also having a currency gain. In a sense, if
you
can buy BIO shares in the U.S. on a U.S. exchange for USD, as any
investor
can, and then sell those same shares in Cdn dollars on a Cdn exchange,
it
may be possible to wring a bit of gain out of that transaction. By and
large, the US and CDN shares of BIO (or any stock) track each other
quite
closely at a factor that is pretty much equal to the exchange rate, so
it's
hard to get any advantage by buying in one country and selling in
another,
but if the investor has both a Cdn share account and a USD share
account, it
may make sense to shift shares into the CDN share account and sell them
there in order to get Cdn dollars for the shares.
For the international investor, it may make sense to take their Euros
or
pounds (or USD) and buy now (or as asoon as the BIO share trades again)
on
the Cdn exchange, thus getting a maximum number of shares for their
dollar/euro investment, then sell those later this year for Cdn
dollars, at
that point getting both the benefit of the appreciation of the share (I
think it will appreciate substantially this year) and the appreciation
of
Cdn currency, which may also take place.
Austin"