RE:RE:RE:Brit Pound upTobuyornot wrote: Yeah. Right. It wasn't worth 5%! Nonetheless I am interested in the currency moves.
Could be enough to make $30 worth $32. Of course if you keep some stock it will be US$ denominated so go figure.
What are you babbling about? Many of us have stock in CAD$ not USD$ it makes little difference.
GBP/CAD is $1.7 its near the high for last few months but its been this level 2 weeks ago that DOES NOT explain a one day increase in TSGI relative to FLTR. The premium to conversion is still 6%(higher this morning) for FLTR and it will bounce around for a while in a range.
There seems to be optimism on anticipating the earnings releases, some analysts may like it now(like RBC) as its getting some more serious coverage.
But mostly this is optimism for FLTR which is helping TSGI. However I caution you all this stock has extreme volatility and this momentum is on no news so it can just as easily go the other way in short order especially during a market downturn.