PeterHannCFA
PeterHannCFA
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PeterHannCFA

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Capital Markets Trader/Analyst with over 25 years’ experience managing Foreign Exchange, Interest Rate and Commodities risk. Notable roles included 8 years at the Bank of Canada managing Canada's foreign exchange reserves and 10 years as Director of Forex Trading at Alberta's ATB Financial, a provincial crown bank. B.Comm/MSc, CFA X=@PeterRHann1

2.1kPosts
44Comments
51%Best ROI
PeterHannCFA
Public Post
Stock already significantly under valued. Taking advantage of broader market issues to buy large on dip.
Sold 100%
shake and bake. rinse and repeat as not egtting above $5 today
AMC Entertainment Holdings, Inc.

AMC Entertainment Holdings, Inc.

5 Aug 2024

CLOSEDLONG

Invested Capital

10.1%

Buying Price

4.431$

Selling Price

4.829$

ROI

9.00%

PeterHannCFA
Public Post
Good Morning. #USD/CAD it wasn't that long ago we saw 1.3600 being tested. However, a week or so later back testing 1.3800. It's likely no coincidence the CAD strength ended after the Stelco Steel takeover was completed by Cleveland Cliffs. That was $3.4 billion and explained what I kept alluding to as surprising CAD strength. The market was already way speculative long USD so there was little appetite to stand in the way of a heavy offer. However, now that is done and we have a Bank of Canada meeting on Wednesday, where the BOC is expected to cut by 25 bps. Only question is whether 1.3800 breaks before that. Any follow through really depends on the language the BOC uses. Not sure the Biden news yesterday is at work here. Maybe.
Good Morning.