Right. 2% of our exports go to Brazil. Most of that is NOT related to EMC, CSCO, AOL, LU, and hundreds of other companies. Some BANKS and investment companies have exposure to Brazil, and some consumer products companies do, also.
If Brazil goes down, and takes LATIN AMERICA (MEXICO, COLUMBIA, ETC.) with them, then our export exposure jumps from 2% to 20-25%. Clearly a much bigger problem.
CMGI, on the other hand, needs to digest it spectacular gains and get back on track. This consolidation is good. Every day that passes allows us to forget that the prices are 2x what we trade at. The stock is more liquid, and that should help the wild gyrations.
Oh yeah, about "taking a profit". We talked about that over last weekend...I agree. If you're trading, there's nothing wrong with taking some gains and putting them in your pocket.
As for me, after selling for profit at pre-split 190 and 248, I am looking to get back in again, probably in this area.
Regards to all.. |
