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Bookkeeping: Taking some Gafisa (GFA) off Table
Trader Mark (April 30th, 2008) Writes:
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 …
Tags for this Post:
Brazil, caps, EWZ, Foreign Markets, Gafisa, GFA, homebuilders, ishares, language_of_brazil, moment_of_the_day, samba_time, Stocks to Watch
Brazil, caps, EWZ, Foreign Markets, Gafisa, GFA, homebuilders, ishares, language_of_brazil, moment_of_the_day, samba_time, Stocks to Watch
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