Hi, your in-depth insights are always very helpful to understand the overall picture related to my position with BFR and GGAL. It seems we are all waiting for October to recover our positions with Argentine stocks.
Plz. keep writing. Thanx
Recall when Nester Kirchner died suddenly of a heart attack in the fall of 2010, the stock market in Argentina responded with jubilation.No disrespect is intended, but am only stating a fact !
Recent trading sessions of the shares of GGAL,BMA.,BFR and IRS are pointing towards a change at the Casa Rosada with the October election for President of the Argentine Republic.
Do not have information as to whether the Central Bank will allow the banks to release the dividends to shareholders but the estimate of earnings keeps rising.
On September 13,1988, Dukakis toured a General Dynamics plant in Michigan,fitted himself with an oversized green helmet, and stood inside the turret of a moving M-1 Battle Tank.There were comparisons to Snoopy and to Rocky the Flying Squirrel.
Next one up,- Maximo Kirchner.
comment on your observation of the across-the board drop in stock prices :
More clarity on the coming election- The Victory Front has improved its chances to retain control of the Pink House with a Scioli-Zannini ticket. It is not my opinion , but that of the investors and traders of Argentine equities. Drops of 30 % or more from the recent highs in March are difficult to admit, but there you are !
There is still time to rescue the country from the claws of the Kirchner supporters, as the presidential vote is not until October.
Take your calm-down pills and wait !
must be horrible news somewhere?........are all the investors on the run from some thing bad....that is unstoppable ......no bright stop in the future........only capital destruction???
Thanks again dasamaru40. How popular is Scioli really and does Maximo have star potential or is he dull ? Appreciate your insights and efforts. Ciao
There was a bumper sticker in the Boston area, ' Dukakis For What ? '
I thought about that bumper sticker,when I read about the possibility of Maximo Kirchner on the Victory Front ticket. ' Maximo For What ?'
Thanks very much for this update.
I guess, I need a handful of pills while waiting for Argentine banks to catch back especially the BFR who's sitting 47% low and not stopping yet from it's highs. Pretty desperate situation for investors/traders like me who can do nothing from this far and just keep wishing for the best in coming months. Thanks
Another interesting,but not so unanticipated development in Argentina.
If the son of Cristina, Maximo Kirchner, is going to be the second half of the ticket with Daniel Scioli of the Victory Front(,former Vice-President under Cristina's husband, Nestor Kirchner, and Governor of Buenos Aires Province ), then the citizens who have opposed the Kirchner government and her policies are very likely to deepen and to harden their opposition to the Victory Front.That possible ticket will more clearly define the Victory Front in the October election with a continuation of the present policies of CFK.
The Argentine stock market is very nervous, and there are plenty of reasons for the case of the shakes !
Take your calm -down pills now !
what a great picture you provide, I get it....sounds like things here will stay volatile at least until August and then the picture may or may not get clearer....thanks for your insights, i appreciate it and best of luck to you...
The August primaries still look like a jump ball ! As for the election in October,- I wish that I owned that all-seeing ball of the Wicked Witch of the West !
Remember the 1988 election over here ? Dukakis looked like he was going to win, and then that goofy picture standing inside the tank with his bobblehead protruding.
The stocks in Argentina are bouncing around like the silver ball in an arcade game.
However, I still believe that there will be a wide departure from the policies followed by Cristina Fernandez de Kirchner, once the office changes hands.
Hi, on the other note, will highly appreciate if you could guide me to understand whether BFR moves with Euro or US$ and does it have any co-relation with US markets direction (up/down) or is it independent from all this and moves solely based on local (Argentine) conditions? Thanks very much in advance.
Hi, thanks very much for taking time and providing this detailed insight. It seems I'll have to wait extremely patiently until at least October to get back to my avg. buy price of $21.50 for quite a number of shares.
Thanks very much for your detailed explanation. It seems I'll have to wait longgggggg till October to get back to my average buy price of $21.50.
In re previous posting to you, record book shows that IRS was down eight of the previous eleven trading sessions, and not eight straight as previously indicated. However the other three issues, BFR,BMA,and GGAl were were all down eight consecutive trading days., as was indicated in that posting.
As the October election approaches, the Bolsa de Comercio will likely reflect a change of administrations more market-friendly, and hopefully, a change in the mentality and maturity of the voters. The government is not trusted and widely disliked.A laddered approach to the buying of leading Argentine equities seems to me to be a sensible strategy
I've been a holder since low single digits and still consider BFR a keeper. Clearly, the upcoming election is significant to investors here. What are the real chances of a more moderate, business friendly administration ? Seeking all views especially from those who live or do business in Argentina. Thanks in advance and good luck to all longs