Chinstrap, bad, bad typo. Naturally this should be GXG we're talking about here.
Burnintoo, that's what we get for not making a clear distinction between "shares" and ADRs. That R$2 per share in Brazil may be the equivalent of $0.98 in dollars, but you're right -- keeping it in ADR terms keeps it cleaner.
Sure, the intent is to highlight the progress these stocks have made with an eye on opportunities on a pullback. Shorting the ILF seems to be the only way to play downward move; but once again, really about what banking opportunities to keep an eye on in Argentina.
Toyota Signals Yen Strength, Dollar Weakness to Persist [View article]
Toyota is simply raising their expectation of the anticipated Yen pricing against the US Dollar. On Yen direction, this would appear to be an indication for more strength. On Toyota profits, the higher currency costs would appear to increase costs of delivery overseas.
Ruble at a Two Month High - May Be a Huge Outperformer in 2011 [View article]
This Week's Emerging ADRs and ETFs [View article]
Chinstrap, bad, bad typo. Naturally this should be GXG we're talking about here.
Burnintoo, that's what we get for not making a clear distinction between "shares" and ADRs. That R$2 per share in Brazil may be the equivalent of $0.98 in dollars, but you're right -- keeping it in ADR terms keeps it cleaner.
Massive Emerging Markets Fund Flows Get Burned [View article]
How to Play Latin American Banks [View article]
Toyota Signals Yen Strength, Dollar Weakness to Persist [View article]
Fiat Sees Global Tractor Boom [View article]
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