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: samson who wrote (190)	1/30/1998 7:22:00 AM
From: Bill Jackson	of 230

samson, The psyche of the market is a strange herd type. If you have secret knowledge of a buyout that no-one else has you can make a huge profit. Like huge bump in the road that you have been over a dozen times, and you brace yourself for the effect, but a new traveler hits the roof of the car. This "months ahead" is just that effect as people make straddles and others things to lessen the anticipated bump. All of thse market methods of avoiding bumps use up some shares as people take defensive positions of various kinds to protect themselves if they gave you an option of some sort. So all these hedges give a smoothing effect, and as you head for the down bump, the price falls a little due to the accumulated effect of all the market defense mechanisms. That is why takeovers etc are guarded and secret, and if it leaks and insiders/printers etc make profits the SEC/OSC takes action and unwinds the profits. Bill

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