Me too....sold at $11.18. Wish I had followed my own advice and got heavy short VALE. Getting beat down today. Bovespa presenting me with a real conundrum. It has definitely diverged from other markets and is showing itself to be a true laggard BUT is looking more than fairly valued. Problem is, will Bovespa continue south while the sell in May/June crowd books profits and our market drops. Tough call here.....
Nice move. I was having tech problems this morning that prevented me from hitting the door earlier. No big deal.
I am at a total loss here too. BVSPA is continually plagued by concerns of inflation, China, and what many consider to be currency overvaluation problems.
I'm with you on being at a loss. Todays drop in silver seems to indicate that commodities should follow suit in short order. This will probably drag world markets down. US housing and employment data from the last week certainly hasn't help matters much either.