OTCPK:SPVEF - Post by User
Post by
HippygirL74on Nov 20, 2008 10:57pm
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Post# 15600682
0.77
0.77There are no safe places to hide. Even the Canadian dollar is back down to $0.77. Like i had said earlier before i was lectured, it is best to stay in USD for at least another 6 months and then re-evaluate. So Spur converts to Canadian at higher levels yet in my most humble opinion the Canadian dollar will go lower based on where i think oil prices are going and based on Canadian bank derivative positions that we have very little information on. Only yesterday, Bank of Nova Scotia did a huge write down on derivatives. Other banks to follow, so just watch.
immho, wait for the Canadian financial sector to crash, maybe spurred on by some American bank crashing, such as Citibank, then Spur should buy something with its cash.
And nilyab, i think you are amazing trying to keep management from investing in the wrong things at the wrong time. i hope that Spur management will wait patiently with your cash. Unfortunately, hedge funds are barfing and some are just rapidly swallowing repeatedly.