GREY:CXEYF - Post by User
Comment by
Bobwinson Oct 13, 2008 4:39pm
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Post# 15523144
RE: cax vs cxeyf
RE: cax vs cxeyfCanada is where CAX.to trades. The pinksheet symbol is just a way to get to Canada. CXEYF.pk didn't trade in the US. Still showing US$.1908 from Friday trading.
So what will happen Tuesday? My experience is that even though the Canadian stocks should have a big day because of what happened in the US today, many times they don't do as well because it's likely that the US will have some profit taking or be flat after such a big day today. The Canadians will take their cue more from tomorrow's US trading than what happened today in the US markets.
Obviously many stocks are undervalued by the extreme selloff we had so the Canadian markets are just as due for a big bounce as any so hoping that Canadians generate a little enthusiasm tomorrow. My portfolio is mostly Canadian so have been getting hammered by both the stock selloff and the drop in the C$ vs US$. Worked the other way before when the C$ was soaring but there ain't no free lunch. Bobwins