Anyone have any ideas on why the big move today?As I try to understand the macro forces behind a stock, I think with HMM.A that the US$ / CDN$ exchange rate is a big one. I think given the continued strong economy in the US the likelihood of rate cuts is diminishing daily. As a result, this means the US$ will continue its strength.
Clearly, over the last month or so, someone that just have had a large position that was very profitable just pounded the stock. It seemed a week or two ago the massive wave of selling stopped, the stock stabalized and has reversed itself.
Perhaps there is some additional expectations of a strong Q1 that could be a catalyst to build confidence in the continued success of the company / stock.
Would like to hear other ideas.