Go by T.A. only, will see shortly. Careless as I'm not an investor. 30% short is a dangerous game............
Had you scared for a moment. Should .........
Totally agree this is a cash cow. Yes Brazil has their problems and debt but SID always under estimated...3.57bb cash and the stock is what?? Plus they are not tied up in all the riff raft there. They have all new logistics there own railroads, plus their own high quality mines. Last run from the dollar range went to 6. This is still mighty cheap. Keep in mind in Brazil SID gets most of the local business and the Olympics coming up guess who get's the business. Cement too Very diversified and over looked. The thing I like best is in a drip your Div shares collect more shares and they have never strayed from this. Still paid out. Many years as when I had many shares and sold all but house shares. they still added up......still do.
1 you don't know how to use options around your positions and 2 T.A. tells when one should buy, but that depends on what strategy you use,,,,did you know you can make money when a stock goes down? if fact you can use options if a stock stands still and make money. I have no idea what these guys do but got 70 bucks per contract to hold this another 3 weeks and if it goes higher they can take my shares. Still made out and have no idea what these guy's do. I do known they have 37% short interest. Might just be a squeeze. See it's going up and you don't even know why. If you read the post below that is before I bought and do what I do. Not a bad day hey....guess I called it. told you guy what was happening that Doji told me. Now I'm not blowing smoke but if your going to be in this market now days people do not invest anymore. As this market is ran my bots. Options also play a part in the stocks move. Now this will be up again tomorrow though the market most likely be down along with oil. Weather it hold is another story.......in other words get yours.
I this you gut feeling or can you read candle sticks.....don't know if you all saw the the doji Friday........if this has any chance you just might be seeing a bottom for now. At least on could be a heck of a push. type in 3 3 month chart here and tell me what you see'? I'm not trying to save you but giving you pure T.A.........this is what the candle sticks are saying.............
Look at the numbers with a cash of 1.5bb and revenues way above only a fool would reorganize....don't listen to the idiots try to short this. If short ok but get ready to cover your #$%$ if oil keep from here on up. Figures speak the truth.
Revenue (ttm): 4.77B
Revenue Per Share (ttm): 10.10
Qtrly Revenue Growth (yoy): -3.30%
Gross Profit (ttm): 3.05B
EBITDA (ttm)6: 2.33B
Net Income Avl to Common (ttm): 4.05B
Diluted EPS (ttm): 8.47
Qtrly Earnings Growth (yoy): -47.90%
Total Cash (mrq): 1.52B
Total Cash Per Share (mrq): 3.08
Total Debt (mrq): 14.14B
Total Debt/Equity (mrq): 129.19
Current Ratio (mrq): 0.95
Book Value Per Share (mrq): 20.93