Monday, October 20, 2008

Trading Post (winning trades edition)

Jaguar Mining (JAG) is doing me just fine. The U$4.20 being printed right now gives me a 9% return on a daytrade, which is very cool. Not going to sell today, but letting it ride into tomorrow at least. Whatever happens from here being on the right side of the trade means no losses possible.

Petrobras (PBR) up 8%, and Vale (RIO) up 9.7%, these two leading a strong Brazil rebound.

Net Servicos (NETC) up 6% and Cosan (CZZ) up a mere 17.5% are along for the Carioca ride, too. Tudo bem.

Mercado Libre (MELI) lagging. This one tempts at the current $17.50. If I'm feeling lucky i might snag a few before the bell.

A nice move in SLV today has brought me back with my head above water on the trade. Still holding.

If you're looking for value, Telecom Argentina (TEO) at $10.68 might just fit the bill. The market surge seems to have ignored it today, and once the Argentina bonds performance has been printed today the Merval equities complex may well get a boost tomorrow (favourable dow permitting, of course).

To round off, here's a fun pic I found at lostreschiflados today (though they might have stolen it from somewhere else).