For People New to InvestingGood Morning. I have received a few messages asking what I meant in one of the posts I wrote yesterday.
For interlisted companies like NVCN, there is opportunity to acquire shares at a discount. It is referred to as arbitrage.
Basically you Buy a share on one exchange and journal it to the other.
Example: Buy NVCN on Nasdaq @ .065 when it is listed on TSX @.085. With the exchange rate you would save approx. $.003 buy purchasing it for .082.
I know it doesnt seem like a lot, buy when trading penny stocks it helps.
Check with your broker. You will need a US account and see if they charge a fee for this. Also most brokers wont journal until settlement date, usually 2 days. So making a quick buck this way probably wont work.
Good Luck, and lets hope for another GREEN day today!!