Why do I trade? Some issues I hold to generate quarterly and semi-annual dividends. Other issues I choose to trade because I like the fast action. It helps a lot to stay focused on the markets and issues that continue to produce capital gains, short -term. Also, I avoid certain sectors of the market that I am unable to secure profitable trades. I stay with a few sectors and a few foreign markets because for some reason or other, the results have increased my capital and confirmed my judgment.
Good luck to you in your decisions.
You could be right about the payment of the dividend. Last time, it was several months before it was released.On the other hand, the economy in Argentina has embittered so many of their nationals, that the new Minister of the Economy, Alex Kic
illof might choose to avoid angering foreign investors and allow the dividends to be released within a normal period. Not sure if the dividends from a real estate entity falls under the same rules as those covering the banks. The banks are required to retain a substantial about of their capital before providing for a dividend payment.
On one matter, I am pretty confident: C.F.de Kirchner is not well and a change of clothing from black to something more colorful will not change her antipathy towards the free market. Three years of mourning for Nestor are over now, but it is unlikely that her mentality has changed. Appointing Kicillof as the Economy Minister does not point in a positive direction.
Some time ago, when he was returning on the hydrofoil from a second home in Uruguay, one of the passengers recognized him and the booing and catcalls began from many of the passengers. The captain and members of the crew escorted him and members of his family to the upper deck and the security that comes with a degree of seclusion.
This Argentine government is widely disliked, and while its policies are not quite as bad as those in Venezuela, Ecuador and Bolivia, the Bolsa de Comercio offers traders like us to benefit from wide and emotional swings of euphoria and depression that comes with the news of the day.
The Bolsa de Comercio shook -off all apathy on Monday, August 12th, - the day after mid-term elections in Argentina. the trajectory of the Merval has been straight-up with only the briefest pause to catch its breath. Profit taking began with some emphasis during late last week as expectations of another spanking to C F de K was going to occur on the Sunday election, this past weekend. More profit taking has been occurring this week with large spreads between the bid and asked prices and differences in size that are annoying ,unless you are watching the gyrations in prices almost constantly. This market is very exciting to trade, but it requires concentration and alacrity in the placement of trades.
My general view is that the last few nails have been pounded into the political coffin of President Kirchner and now,investors and speculators need to evaluate the plethora of likely new candidates to occupy the Casa Rosada. This process will last for a while, as the next general election to replace Cristina is not until 2015 !
There is plenty of fast action to be discovered in trading Argentine equities.
As a final note, there have been numerous articles in The Wall Street Journal and now, in The Financial Times concerning these events in Argentina, including editorial comment. Such coverage was absent for almost three weeks inThe Financial Times, The Wall Street Journal and in The New York Times after the August 11th elections. Only on the following day, Monday August 12th, did one article reporting the results of the Sunday voting appear in The Wall Street Journaland that was the morning to pounce like a panther !
Hope that some of the few readers of this message board did exactly that !
Some negative mention about the operations at LDBKY and Bwin in today's Financial Times.
Shareholders should have confidence in the proven ability of WIMHY to correct its problems in Australia. It is ex-dividend now.
Absent of news on WBRBY in The Wall Street Journal,The Financial Times and also, in Barron's provides a continuing opportunity to accumulate shares in WBRBY without public competition for the shares. The annual report from WBRBY is one of the very best for information on its operations and likely future results. Viewing other publicly-traded entities in that part of the world will provide one with a pretty good overview of macro-developments. Following the activity in EWO, EBKDY,SBRCY, RSX,EPOL will assist you in arriving at a decision on Wienerberger. Success to the very few investors and speculators who read this message.
extraplenty- Thanks for this information. Have been increasing my position in both BBVA and the Argentine subsidiary BFR. Somewhere along the route, I missed reading the information that you posted on the 15th of September.
Stay well and success in your investments-