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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (4286)6/16/2005 6:04:57 PM
From: profile_14   of 13449
 
Dabum, thanks and the feeling is mutual. I appreciate all that I learn from your board and your sharing of your experience and knowledge. If forces me to think outside the box, which is healthy. I do like the exchanges and I am not trying to be confrontational in a counterproductive manner.

Incidentally, the risk with RIO and SID now is not so much macroeconomic rather than political and currency. As the Real has appreciated against the dollar, foreign investors may get skittish if it devalues quickly against the dollar. I read one such article today from the Financial Times. Some consider the Real to be overvalued by 8%-44%. We shall see. Also, if the political bribe scandal gets another breath of fresh air, the Brazilian stocks as a whole will suffer, mostly due to perception of risk. The tail end of such an event would be a golden opportunity to pick up favorites with solid fundamentals, fwiw. RIO and SID are still very cheap. Wait until earnings come out as RIO ought to make more this quarter in EPS than INTC will make all year on EPS, in my humble opinion. The dividend should go up too.
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