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

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To: Mr.Manners who wrote (13)4/2/1997 8:56:00 AM
From: Steve Bevington   of 230
 
Kasha, unfortunately I don't know too much about Curlew Lake other than the bare minimum. Are you discussing it elsewhere on Silicon Investor? A colleague of mine owns some PLT so I get to hear about it a fair amount, he's still bullish but there's an IPO due soon (if not already) from a competitor so it'll be interesting to see what happens there. The PLT thread is way more active on SI than I ever would have thought. Don't know about IZP on VSE but I do follow IRL there. It's too hot for right now though due to the uncertainty in Indonesia. PCS on VSE is another intriguing play.

I'm not so sure about buying banks in a week or two, I guess I'm a bit more bearish over the short term. I've been thinking about getting some puts for the past three weeks (argh, too bad I've only thought about it). What's your feeling on this through the spring or summer? Banks just raised mortgage rates here by a half point and the Cdn$ has dropped below 72 cents US. I can't see how the Bank of Canada is going to maintain its line on rates for that much longer. While I feel that the banks are fundamentaly the place to be, the short term loks skittish. Do you feel the same way about WFC and the other big US banks?

I work in the brokerage industry in Canada so I have the luxury of a live quote screen, I don't know if I'd play options without it. But, if you're looking for free quotes on the net, services which I've used are the Quicken site (I think it's quotes.galt.com or something like that) and Canada Trust Securities (www.canadatrust.com). They are time delay by 15 min but it's tough to avoid that on the net to my knowledge. Also, I don't believe that Canadian options are available. The only site I have used for Canadian options is the Montreal Exchange (which naturally only lists their options) at www.me.org. Hope this helps, I'll be looking into Curlew and IZP today...
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