What could be the motive? Impatience? Stupidity? If homenuilders in US have and are some of the best stocks to own how could the only listed public co homebuilder in Brazil not be a good investment idea? They need to build homes as much or even more than in the US as a greater part of the Brazilain population do not own homes. I think when GFA does move higher it will be so fast the sellers now will be left far far behind and never get back in. Dopes.
Just sold at $4.83. Then again, I've been swing trading this. The bollinger bands have tightened considerably and volume has picked up considerably which tends to precede a larger move in one direction or another, but the stock is now sitting right at the top line.
Could be preceding news of a resolution to the Alphaville issues.
Unfortunately, I'm too busy right now to monitor this very closely. I'll wait for a pullback or breakout.
Remember..... times have changed.... computers sell big lots at a time for better profits on a few cent swing... we can't.... the World Cup and Olympics are just around the corner.. deep breaths,, this is a long term hold for us little guys not a swing trade.. invest,,, I loaded up under $4 and plan to hold.....at least until aco bras tells us to sell!!!!!