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$CAN dropping

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all_in_4tw   Canada. Nov 15 2007 14:32. Posts 4515
as you probably know the CAN$ skyrocketed (up to 1.10US$) lately and canadian poker player lost a lot of money.

a couple days ago the CAN$ dropped from 1.07US$ to 1.04US$ (+500$ for me without doing anything) and right now the CAN$ is at 1.015US$ !! so probably another +500$ at the end of the day.

i received today via FED-EX a 4.2K US$ check and i'm wondering if i should cash it in right now or wait a couple more days ?? i need opinions

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I sometimes fold AA preflop to balance my rangeLast edit: 15/11/2007 14:35

Sheitan   Canada. Nov 15 2007 14:53. Posts 4217

I'd wait, i bet the us $ will be stronger in a couple of months, they can't let it go down like this, its bad for their economy.

Odds are exactly 50%, either happens or it doesnt  

KrappyKonnect   Canada. Nov 15 2007 14:59. Posts 1127

Yeah I was thinking the same thing(Canadian here), and I think its probably best to wait, since north america runs on what the u.s dollar is doing, and we wont be stronger for too long. I aint no pro at economy though


Fayth    Canada. Nov 15 2007 15:01. Posts 10085

YESSSSSSSSSSSSSSSSSS

Im not sure what to do tomorrow when I see her, should I shake her hand?? -Floofy 

Sheitan   Canada. Nov 15 2007 15:06. Posts 4217

Fayth just made 10k, faggot, im jealous.

Odds are exactly 50%, either happens or it doesnt  

Bejamin1   Canada. Nov 15 2007 15:07. Posts 7042

The U.S. dollar was reported to be making a short term comeback and then be heading downward again. At least from what I've been reading about it. However these guys are honestly not any better at predicting what is going to happen than you or I am most of the time. The market can and will always be very unpredictable, hence why people can make money from it. For instance nobody predicted the fed doubling its interest rate cut which was the reason the U.S. dollar went down so rapidly in the first place.

I don't really have any advice other than to take the money as soon as you feel satisfied with the value.

Sorry dude he Jason Bourned me. -Johnny Drama 

Graisseux   Canada. Nov 15 2007 16:30. Posts 474


  On November 15 2007 13:53 Sheitan wrote:
I'd wait, i bet the us $ will be stronger in a couple of months, they can't let it go down like this, its bad for our economy.


TalentedTom    Canada. Nov 15 2007 16:39. Posts 20070

get a US $$ account in your local branch

Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light not our darkness that most frightens us and as we let our own lights shine we unconsciously give other people permision to do the same 

Loco   Canada. Nov 15 2007 17:54. Posts 20963

that is great news

fuck I should just sell some of my Pokemon cards, if no one stakes that is what I will have to do - lostaccount 

gawdawaful   Canada. Nov 15 2007 18:31. Posts 9012


  On November 15 2007 15:39 TalentedTom wrote:
get a US $$ account in your local branch



I have one with TD, they let me swap between CAD/USD without transaction/exchange fees too

Im only good at poker when I run good 

all_in_4tw   Canada. Nov 15 2007 18:48. Posts 4515

thats probably what i'll do

I sometimes fold AA preflop to balance my range 

 



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