I dont think English is Mario's native language... seems to speak in riddles... But anyway..he swears we close at 15.90 today... well he either makes my all star list or is just another crackpot that gets on the blocked list.... we shall see....
Look at the operating results and expectations for the coming few quarters and ask yourself, "should this stock be at these levels?" The answer is clearly no IMO. So, I view weakness as a buying opportunity, though I am in sub-$14 for 200,000 shares already, so wouldn't add again unless it falls below my cost basis. Still, I think we run into or after earnings and break-out above the 200 day moving average and I think they raise the dividend back to where it was before the cut ($6B v. $4B) based on their strong cash flow and plans to invest less money.
go look at the chart for the BOVSPA ..VALE is trading in lock step practically. The problem is Brazil's market has been drifting lower for the last few years... Yes it spikes up but always makes lower lows.... kinda like VALE? So the cycle ends when The Brazilian market comes back to make an all time high. Until then....???
Mario.. we are approaching 7% down since last week if we didn't already hit it. I am long since 13.80 so I am not bashing... I just see this all the time ... we lost upward momentum at the 200 dma. The only way we move up is if we breech that 16.80ish to 16.90 or 17. Short of that we making lower lows..... no?