Ken, I have a mental block when it comes to currencies. Stupid question...how do you determine that TBR is trading at a discount to the real. I probably should already know this, but knowledge can be a dangerous thing. I have had a LOT of luck with TBR.
Blew it again on my end of day quote. I'll silence the daily speculator.
Our markets are closed on Monday. I have a feeling that Tuesday will be an medicore to up day ahead of some big name earnings next week. LU, Klac, and SPYG reports Tuesday morning will probably influence the day heavily. Tuesday night we've got IBM, ASND, BAY, CA, QCOM. Wednesday morning CPQ, NCR, TXN. Wednesday night MSFT, ALTR, CRUS, LRCX, MSFT, QUAL. Oughta be a wild week.
Don't forget also that TBR year-end earnings are likely to be out Monday...hopefully accompanied by the couple of usual buy reiterations.
Upcoming news to watch for:
-TBR privatization advisor selection and the magic date we'll hear the remaining details I figure will be published sometime in the next four weeks...this oughta be good for a nice bounce
-Actual release of details...assuming no bad news, this oughta be good for a huge bounce
-supporting reform legislation by April?..oughta be good for minor bounces.
-monthly financial reporting for month 1 ought to start again the end of February...hopefully these will be bullish and support minor upside moves
sf |
