Searchlight Innovations Inc T.SLX

Primary Symbol: V.SLX.P

Searchlight Innovations Inc. is a Canada-based capital pool company (CPC). The Company's principal business is the identification, evaluation and acquisition of assets or businesses with a view to potential acquisition or participation by completing a qualifying transaction. The Company has not commenced commercial operations. The Company neither engaged in any operations nor generated any revenues. The Company is focused on acquiring business across the mining industry.

TSXV:SLX.P - Post by User

Searchlight Innovations Inc > SLX or GGCRF

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Comment by farshooteron Mar 29, 2011 5:22pm

152 Views

Post# 18357763

RE: RE: RE: RE: RE: RE: RE: SLX or GGCRF

Your friend who bought Citi ...

He is not my friend, actually. The friends I keep do not go long bankster stocks---they short them! ;-)

...and is even (in $US terms) has really lostmoney, because Citi, quoted in $C has gone down.

I thought I said that, MucCreeker. In nominal terms he is even; in real terms, that is, once he converts his US investment into Cdn funds and in effect has realized the loss, he is indeed down.

Instead, he sees it holding steady when quoted in $US, so the fact that it is reallylosing is hidden from him.

It was never hidden from him. As a matter of fact, by the expression on his face---he was the sensitive type--- at the end of the day, one was able to deteremine whether the loonie had gained or lost against the greenback.

Btw, there is also currency risk in foreign bonds.

Please excuse me. i know i am getting off topic here.

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