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Strategies & Market Trends : Canadian Dollar

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To: Charles R. Keuler who wrote (36)4/21/1997 3:43:00 PM
From: Jeffrey Shaw   of 103
 
Chuck: Do you really think the C$ will go as low as .7010, or thereabouts? I do not believe that the CDN central bank will want to see the C$ approach a .70 level with elections coming and all. I see that level as not only a technical resistance point, but a political resisitance point as well. I have not bought yet, but I do anticipate (save some unforseen news or developments) buying near or at the money calls for the Dec CDN $ soon. Hang the current price.....I do believe this currency will bounce back significantly before year's end. There....I've said it....comments, arguements, polemics,.....hand grenades....?
Regards, Jeffrey
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