Canadian vs. US Banks--Better PE and rising C$ Message Board

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Non-Tech : Canadian vs. US Banks--Better PE and rising C$

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To: Mr.Manners who wrote (11)	4/1/1997 11:17:00 PM
From: Steve Bevington	of 230

As for recommendations on the micro-caps these days it's anybody's guess. I typically don't follow the small stuff too much as prefer to win and lose money on options for blue-chip companies (like the banks). With the Bre-X saga over the past week, the small cap mining stocks are taking beatings, often for no reason at all other than a weakening of confidence in the sector. If you're at all interested in the Canadian banking sector, I recommend following the Canadian options market. The spreads are typically larger than in the States due to less liquidity, but there is potential there through LEAPS and other such things as well. Also, XCN on the TSE is Canadian Banc-NT, it basically holds a portfolio evenly split amongst common shares of the big five Canadian banks. It may be a good way to play the whole sector without throwing it all at one in particular. If you're looking for a small flyer, keep an eye on things like Bresea (BSR on Montreal) Scorpion (SCP on TSE) Minorca (MAR on TSE) and the other Indonesian players that are extremely volatile these days. Be prepared to lose it all, but they're good for short term plays if you're close to a quote screen and a bottle of Maalox.

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