Sofar so good. If I asked you where RY traded back in 2000 at the peak of the teck bubble I am sure very few people would come up even close, yet it is important in terms of making sensible judgements where the stock might go. Here is the cahrt in US$ and as the dollar was definitely not a constant over this time it is probable not all that far off from where it was in 2000, lets call it C$12. Here is the chart.
Despite the possibility that is is a good buy (as a trade)Â it is not necessarily cheap. $10 us or about 12 Canadian is still a real possibility.