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Strategies & Market Trends : Ride the Tiger with CD

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To: panthornet who wrote (17202)	10/25/2004 12:20:26 PM
From: Cogito Ergo Sum	Read Replies (1) of 312319

Well bozo to bozo... It's not that cut and dry... If it stays steady (or goes up) in Loonies it 'should' appreciate or at least preserve your capital in US terms... I imagine it depends on the business... I think O&G maintain value or even appreciate as the underlying commodity is appreciating.. if a Canadian Company goes down 1% but the loonie goes up 1% I gain nothing in stock value ... I lose 1% (although my money buys more Walmart junk now :o) If the same thing happened to you I think you break even... Shouldn't really matter if it dual listed... not talking about Canadian companies listed only on US exchanges though although if all their income is in Canadian why should they go down... ? Otherwise there is going to be a currency arbitrage play on the dual listeds ...no ? A Canadian bozo... Anyone else feel free to chime in... PS I've lots of American O&G still...

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