Looks encouraging, Steve. I am concerned about how much of the positive action in Brazil today has its origin with the U.S. "buy the dips" crowd. I don't really trust this market short term.
Having said that, this is clearly a big opportunity in Latin stocks, if one can adhere to a 3-5 year holding period. In that light, I feel that we're just talking timing here in order to get the very best prices. Got a FAX this morning stating that this Brazilian event would probably land up providing the additional liquidity to push the DOW over 10,000 soon. The chap also advised looking at CVRD - symbol CVROY.
In spite of my earlier post, I bought some more TBH early this morning. Trying to sell the UBB Apr. 10 puts today. Glad I waited a day, but frustrating all the same as not too many servers are answering me today. I deal with four different discount brokerages, and their ability to handle any modest increase in volume is pitiful. Kind of keeps me honest, though, as I believe that one should do their trading during quiet periods.
Aside from all of the positive fundamentals relating to Brazilian phone demand, we should keep in mind the wildly positive demographics. If we can just get this fiscal stuff hammered out. I believe we are now on the heavily potholed road to doing just that. Who knows, the average Brazilian may be about to get the same message that the average American has gotten. That you can't depend on Uncle Sam to provide for your retirement. May yield the same positive effects for Brazilian stocks, longer term.
Regards.
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