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Horizons Australian Dollar Currency ETF T.ASD



TSX:ASD - Post by User

Comment by Staylorpion Sep 07, 2007 7:35pm
183 Views
Post# 13359899

RE: Hungry

RE: HungryDear L4, I used Aurelian as an example of how a dormant low-priced stock can quickly snap up to unexpected high prices. I was not comparing resource structure. As you say, the two companies are not the same. Aurelian owns a Porsche, winks at all the girls, and everyone wants his autograph. Acero-Martin is home studying his books and preparing to ace his next exam. No flash (yet), no charisma (yet), just plain old home cooking...and he will graduate with honors. I disagree with your ultra-conservative valuation: "[ASD]...will not see action anywhere close to ARU." Who among us is good enough to forecast long-range price objectives with any degree of accuracy, especially at this stage in ASD's development. In my opinion, based upon general market comparisons, ASD should currently be trading at $0.75-1.50. As their resources develop and are made public, that range will no doubt increase, and substantially, I believe. Was ASD worth $2 back in Sept 2006?. Of course not — it was an overshoot — but it went there anyway. In the future, regardless of what we expect it to do, it's gonna go where it wants to go...and I believe that $10 is not out of the question. Yes, that would also be an overshoot, but it could be reached, if only momentarily. And if it only reaches $3.00? Heck, I'll settle for a 10-bagger any day. —Staylorpi About Acero-Martin
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