if you have spare money you may long concrete yen but not margin and wait for 1 year or more. Then you may likely have a return of 10%. But you lose 4 % interest.

If I could wait 1 year I would rather short Candian dollar buy US using 1 : 10 margin

aug/yen and GBP/Yen has risen for more than 20% for the past 3 years. No matter how long the road there gonna be an end. So be dicipline in stopping loss.

CAD is in 30 years high. 3 years ago it was 1.3 against US.  It's good economic performance, the rsie in old prices; and that it may raise interest twice this year have all been priced in. The risk for selling it against is limited. Shall hold for 2 to 3 months. Stop loss 200 points. Stop gain 500 points. One bad point is this involves interesting lossing for doing margin.  But hopefully the profit could cover it.

引用:

原帖由 peninsula 於 2007-6-7 08:46 發表

I cut GAIN, not LOSS!

very wise