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  • Brazil: Let the Feeding Frenzy Begin [View article]
    Otto- Thanks again for your comments.

    I do recognize that there are short term profits to be made (and I must admit that I have traded a few positions myself).

    Fitch just upgraded Gafisa today and their earnings were spectacular-

    I think Brazil is a great play- not only many of the ADRs but for those of you that wish to trade Bovespa- only shares- there is an 'international investor' section at: bovespa.com.br

    One interesting sidenote from this weekend's Berkshire Hathaway meeting- the Brazilian Real is Warren's ONLY foriegn currency holding........
    May 05 22:07 pm |Rating: 0 0 |Link to Comment
  • Brazil: Let the Feeding Frenzy Begin [View article]
    Otto- First I want to thank you for bringing exposure to Brazil.

    I am a professional investor- and began to invest in brazil three years ago. My wife is Brazilian and I have spent much time in the country.

    For anyone interested in brazilian ADRS (brazilian stocks traded in the US- the full ADR list is on stocksabroad.com )

    The one thing i must disagree with is 'short term profits'- these are buy and hold stocks. Brazil has the second best performing stock market during the past 6 months (behind the US)- and is best poised to see a significant run-up due to the fact that SandP has upgraded the country's debt to 'investment grade' as well as many of its blue chip cos.

    I suggest investors take a strong position - also US investors CAN trade Brazilian stocks traded on the Bovespa but not the us (non-adrs)- if you go to bovespa.com.br - see the 'international investors' section for instructions. This option makes sense if you have over 100k to work with- otherwise you are best just buying the adrs......
    May 03 11:57 am |Rating: 0 0 |Link to Comment
  • Brazil, the Bovespa Index, PBR and Me [View article]
    Good call- whiteowl- I forgot to mention the real- and I know first-hand- my wife is Brazilian -and whines about it every day......
    May 01 20:56 pm |Rating: 0 0 |Link to Comment
  • Brazil, the Bovespa Index, PBR and Me [View article]
    What the author apparently doesn't know is that the downturn in oil prices doesn't effect Petrobras much- which is why it was one of the only big oil cos to see a positive price movement today.

    As Petrobras is mostly state-owned- its prices are regulated----BUT- LULA (Brazil's President)- authorized big price hikes LAST NIGHT. I bought Petrobras and made a killing. Not only that but the entire country's debt was upgraded to investment grade by SandP yesterday- which opens the doors to a lot of new money.

    Watch Brazil explode over the next few monts.

    A great way to play it is the Ishares etf- EWZ
    May 01 16:31 pm |Rating: 0 0 |Link to Comment
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