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Technology Stocks : Cognicase (COGI, T.COG) - Integrated IT Solutions -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Michael who wrote (449)	7/24/1998 6:32:00 PM
From: Praxis	Read Replies (1) \| Respond to of 843

The Canadian dollar suffers from various factors, the most important being: 1) Canada being seen as a resource based economy, thus with commodity prices for base metals still at historic low ranges, this is a factor 2) Asian flu, Canada largest export market for resources after U.S. 3) the 5 major Canadian banks were promised by Thiessen(Bank Of Canada) that rates would be raised. Being greedy as the are(billion plus profits), the banks in retribution for rates not being increased have all been shorting the C$ against the US$in a BIG way. It would be impossible for COG to rise 10% and COGIF to rise 40%, but it would be possible to see extra gains if you already owned COGIF before this happened the sold and converted to C$ and re-bought COG. All of this would be extra gains made by currency arbitrage though, not underlying gains from stock. The spreads between the exchanges are always usually right on. Sometimes it's possible to make some profit using arbitrage but only on a large volume trade and this stock is relatively illiquid for that sort of situation.