Bookkeeping: Taking some Gafisa (GFA) off Table
Source:Posted on Wednesday, April 30th, 2008 | In Brazil, Foreign Markets, Stocks to Watch
I have no idea what has gotten into Brazil today as the iShares Brazil (EWZ) is up nearly 9%; that’s the large caps index.. but Gafisa (GFA) is up 14% and since I just added to this Monday in the $38s [Bookkeeping: Adding Gafisa] I am going to cut back a bit here in the $43s. If anyone knows why Brazil is so happy today let me know in comments area; I do have a pretty good idea why Brazil is happy overall. It’s Samba time!
Gafisa is now down to a 1.5% stake (it had appreciated to 2.1%); I will let more go north of $45 if we get there. Otherwise I am content to hold the rest since unlike my other homebuilders it’s not in the United States of Subprime.
Totally unrelated educational moment of the day: Most Americans have the misconception that Spanish is the language of Brazil. It is actually Portuguese.
Long Gafisa in fund and personal account
Last 5 posts by Trader Mark
- Pulte Homes (PHM) or Gafisa (GFA)? - September 4th, 2008
- Keepin Up with the Joneses - September 4th, 2008
- India's Q2 Economic Growth Slows to 7.9% - August 29th, 2008
- Peter Schiff July 28 2008 on Glenn Beck - August 3rd, 2008
- Bookkeeping: Closing Mechel (MTL) - July 23rd, 2008
Brazil, caps, EWZ, Foreign Markets, Gafisa, GFA, homebuilders, ishares, language_of_brazil, moment_of_the_day, samba_time, Stocks to Watch
 About Trader Mark (http://fundmyfund.blogspot.com)
Mark is a self taught private investor, fascinated by the market since an early age, discovering mutual funds as a teenager in the 80s, and then moving to equities by the mid 90s. His equity focus is identifying secular growth trends, and the companies most likely to benefit from these macro trends. Stocks are identified through fundamental analysis, although basic technical analysis is used in determining entry and exit points. With a degree in Economics from the University of Michigan, a broader understanding of the economy as a whole, along with interpreting investor psychology is also a major interest for Mark. His career background has focused on financial analysis in corporate America. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.