I couldn't resist it and may regret it before the bell, but bot some Jaguar Mining (JAG) at $2.62. Not many, but I'm not full cash in the trading account any more. The trade is a seat-of-pants call on gold recovering. Vamos a ver......
Banco Itau (ITU) down 7.8% at $10.50. Slightly sinister that the big jump the stock had November 3rd when it announced its merger with Unibanco (UBB). has now disappeared Same pricing story there, too.
Farallon (FAN.to) down 21% at $0.13. My how the market loved the company's decision to cut back on production development in 2009.
Petrobras (PBR) down 6% at $22. It goes up, it goes down, it goes up, it goes down. Today's drop looks connected to the Credit Suisse rating drop to "neutral" from "outperform". Two things to note here:
1) Credit Suisse must have watched PBR bomb all this time with an "outperform" rating on it.
2) Credit Suisse also wins this week's 'No Shit Sherlock' award as it explains that its ratings drop today is on (and I quote) "the prospect that lower energy prices may reduce earnings." And you wonder how these analysts led their lemming clientele over a cliff......
Banco Itau (ITU) down 7.8% at $10.50. Slightly sinister that the big jump the stock had November 3rd when it announced its merger with Unibanco (UBB). has now disappeared Same pricing story there, too.
Farallon (FAN.to) down 21% at $0.13. My how the market loved the company's decision to cut back on production development in 2009.
Petrobras (PBR) down 6% at $22. It goes up, it goes down, it goes up, it goes down. Today's drop looks connected to the Credit Suisse rating drop to "neutral" from "outperform". Two things to note here:
1) Credit Suisse must have watched PBR bomb all this time with an "outperform" rating on it.
2) Credit Suisse also wins this week's 'No Shit Sherlock' award as it explains that its ratings drop today is on (and I quote) "the prospect that lower energy prices may reduce earnings." And you wonder how these analysts led their lemming clientele over a cliff......