RE: RE: interesting article I agree with you.. A lot of long-term investors are staying put because CP has been going up and up since July without any major pullbacks. But if the trend changes - watch out! Momentum buyers will dump (and probably short) and Cdn mutual funds will trim exposure too as that point. I'll be watching herbalife closely.
CP developed a negative divergenece with the rest of the North American railways last weeks - it could not break through $110 Cdn. Perhaps it's just in a consolidation mode prior to making another jump on Jan. 29th. I'm on the sidelines, have a lot of other positions though and feeling a bit stressed out.