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BBVA Banco Franc Message Board

  • dasamaru40 dasamaru40 Nov 29, 2012 2:22 PM Flag

    whtbr1, reply to question posed

    Added to my position this morning at $4.O3, but for technical reasons primarily.The shares were moving ever so slightly in the $3,60 to $3.72 area for some time on thin trading. Banco Macro was the one to watch as it wants to advance into the low 20s and IRS just went ex-dividend and looks very inexpensive. GGAL also, seems to want to be adopted as it is standing like the other three with the sad face of a rejected orphan.A successful circuitous move around the New York judge's ruling may release some positive movement in the common stocks of these four companies. Notice has been taken on this possible development over the past few trading sessions, and more evidence has appeared in today's activity in the shares of all four companies.Banco Macro is quite important as it was the first of the important banks in Argentina to be allowed to resume dividends after the collapse in 2001 and expanded into other Argentine provinces.If conditions turn favorable, all these four stocks could make very furious moves to the upside as they must all be underowned, and the view of outsiders to the Argentine stock market ( Bolsa de Comercio ) is largely negative, rightly or wrongly.

    Sentiment: Hold

 
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