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Re: osprey post# 202156

Sunday, 02/08/2004 12:29:06 PM

Sunday, February 08, 2004 12:29:06 PM

Post# of 704041
Your concern that the change in the exchange rate for the $ is going to contribute to a bear market.

I think you have got this upside-down. Our biggest suppliers are fixed, oil is fixed but on the other hand our goods just got mcu cheaper in our export markets where the currency appreciated and remained the same for fixed exchange markets such as China.

Far from contributing to a bear market in fact, as we are witnessing, the opposite is happening.


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