The fundamentals are strong with GXY. But that seems to mean nothing. Who knows what the US markets will do tomorrow. There is a lot of fear and there are all these horrible VIX-related instruments that only the Yanks can come up with that are being unwound. I certainly wouldn't be buying today with all this uncertainty.
However Thesi posted a while back about playing them (whoever they are) at their own game and I think she is right. As much as I hate the idea of being a day trader, I can see the patterns and it would be possible to play the game. I'm not talking about shorting - but just buying and selling at the right time during the day, and closing out at day's end. I'm going to look into it a bit more over the weekend.
GXY Price at posting:
$3.10 Sentiment: None Disclosure: Not Held