GREY:ANSBF - Post by User
Post by
ferret_caon Sep 06, 2013 12:40pm
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Post# 21723071
exchange rate
exchange rate
the problem with your calc. is the brokerage firms won't give you the exchange rate you are using. for example, right now my investorline account shows if i sell $1 us I get 1.02 cdn.
also with the the cdn job numbers out today the loonie is up over 1%. you could possibly end up closer to par and get no premium on the us buck by the time you get cashed out.. bit of a mugs game, nobody knows for sure,lol. anyone says they do are full of it, lol. lpx does look like a reasonable investment though. not sorry I sold out, had some other stocks i was looking to buy.
good luck to all of you holding, at least downside is very limited.
cheers ferret