Comments on: Tech Talk for Tuesday October 20th 2009

By: Richard

Richard — Tue, 20 Oct 2009 20:21:29 +0000

Hello Don,

How will the new investment tax on Brazilian investment purchases affect Brazillian ADR’s – will the tax be factored into the purchase price of the ADR, or will the broker need to withdraw an additional 2% from your trading account when you make the purchase?

Thank you,

Richard

By: sunil

sunil — Tue, 20 Oct 2009 17:08:01 +0000

Hi Don,
Natural Prices seems to come up a long way from near bottoms, considering the seasonality is it still good to enter Claymore etf “GAS”.

Regards,
Sunil

By: Don Vialoux

Don Vialoux — Tue, 20 Oct 2009 15:57:23 +0000

Hi Roy. POT has support at $91.07 Cdn and resistance at $109.53 Cdn.

By: Roy

Roy — Tue, 20 Oct 2009 15:27:58 +0000

Don Thanks for the above reply. My apology if I sound ignorant, but has POT also broken out on the CDN side or where is the breakout for it? I do not have a US account. Thanks.

By: Don Vialoux

Don Vialoux — Tue, 20 Oct 2009 14:04:44 +0000

Hi Roy. The difference in price of POT in U.S. versus Canadian exchanges is entirely due to changes in currency. Price is arbitraged between markets. A U.S. Dollar chart is more meaningful than a Canadian Dollar chart because the value of trading in the stock in U.S. Dollars significantly exceeds the value of trading in the stock in Canadian Dollars.

By: Roy

Roy — Tue, 20 Oct 2009 12:18:05 +0000

Good Morning Don
Above you mentioned POT has broken above a key resistance in “US” dollars. Does that also mean that it has broken resistance on the CDN exchange and we can now buy on the CDN side as well? If not, why not? Why the discrepancy wrt to this one and RIM (CDN/US)? Thanks in advance for your response.