Re: Shorters covering?
posted on
Feb 28, 2008 07:00AM
Pic I am surprised that you think C$@1.03 as bad.
Your stocks are three percent more valuable. It is not great for folks in my region ( southern Ontario manufacturers ) but the Snow Birds are happy and wishing for that 1.10.
I am also surprised that it is now above a buck because I expacted a dip to 0.95.
To me today's price means that it could be at that 1.10 by end of March and BOC will step in and let the air out of the Looney.