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Strategies & Market Trends : NetCurrents NTCS

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To: Michael Watkins who wrote (716)	10/18/2000 8:49:03 AM
From: Patrick Slevin	Read Replies (1) of 8925

The cool thing about trading the C$ is that it is a long term trade as a rule, requiring little margin. Trading the Yen is like watching paint dry, then 3 days go by and it runs like a rabbit. With the C$ it's just a slow and steady motion one way or the other. If you can get in at a comfortable point it makes up for errors elsewhere. That is why I like to trade several markets, if I am wrong in one it usually gets saved with the others. I think it would take a massive effort to reverse the trend and it would allow one a lot of time to go flat or reverse. Speaking of commodities, wasn't there an issue last summer about the Canadian government restricting export of water? There is a commodity they could make money on...it isn't as if Canada does not have more fresh water than anyone else on the globe. What's with that? You guys afraid of running out of ice cubes for your drinks or what?

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