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  • alcdawes alcdawes • Apr 18, 2011 11:55 AM Flag

    Covering half my GFA here....

    Nice run....two points on a boatload. Compensation for all the time spent languishing with this stock....

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    • alcdawes alcdawes • Apr 20, 2011 1:53 PM Flag

      Haven't really paid much attention to the upgrades/downgrades (honestly haven't noticed much in the way of upgrades in recent memory)....just looking at a softening RE market and dramatically higher CPI.

      http://www.bloomberg.com/news/2011-04-20/brazil-s-cpi-rises-at-the-fastest-pace-since-november-2008-on-food-fuel.html

      It's only a matter of time before housing takes some very serious lumps and I don't want to be long GFA when that happens, even if they are doing some tightening now. Good for them and a smart move but they're still going to get clobbered, IMO.

      With all due respect, not sure I buy the delayed response to earnings. I think it was more related to a directed effort that timed with the more dovish comments on rate increases, particularly where they pertain to housing. But the overall move was manipulation - plain and simple. On that we agree....

      You'll notice the volume spiked up as GFA rolled over and went red....selling pressures. They want it lower and I think they'll have it.

    • emaila01 emaila01 • Apr 19, 2011 4:10 PM Flag

      good to hear someone is making money. i added to my position today, so we'll see how deep the rabbit hole goes.

      • 1 Reply to emaila01
      • alcdawes alcdawes • Apr 20, 2011 9:20 AM Flag

        GFA is now a fully controlled stock, i.e. investment banks play it like a fiddle. I've been studying patterns in this stock and can identify the telltale signs of obvious MM manipulation. Not to mention the volume has been fairly impressive as of late. It's definitely a play on the long side now. I'm out completely having done quite well short but will consider going long this right at the open as I think it goes up .50 today...GL

        Do yourself a favor and have a look at ABV...she's screaming higher now. I'm about to ring the register on this one. I'm taking a little bigger gamble on beat down GGB. Think it could squeak back to $13 (the fiddy) where it will lay an egg.

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3.67-0.02(-0.54%)May 21 4:04 PMEDT