I am not playing this stock as a long term yet, but it is a good investment at this point if you can wait 2/3/5 years. And like you said, Brazil is going back to earth, so much for the BRICS #$%$:
1-)Brazil= it is not selling to many goods, government can not keep spending like there is no tomorrow
2-)Russia= well they are going to go into recession very soon, if they are not already there
3-)India= 1.3Billion people, not infracture and the government ?? well they have like 1million political parties, just to get a business permit it will take you anywhere from 1 year to 5 years
4-)China= no more big projects(e.g. 3-gorges dam/Olympics statdiums/ghost cities)
5-)South Africa= Do not know much about it, but it is very quite there right now, mining(Diamond/Gold) are basically their only industry, and right look at the gold price to give you an indicator
That been said, there are left USA, Canada and Europe:
1-)USA: not investing in infracture just spending on the poor(Healthcare/food stamps) and printing money like there is no tomorrow, plus keeping interest rates too low to allow spending
2-)Canada= the same as South Africa
3-)Europe= if they are not in recession already they are very close, and remember winter is coming, who is going to provide them with heating gas/oil??, Russia??
Home is were the heart is, SID has come to PAPA/Home, bought some today at $4.28, but the celebration will be next week when it come down more so I can load the truck and the wait to sell again
you drop to $4.38, but only like 15% of my investing money, okay
In my case I will start to jump in at $4.30(20%), then wait until $4.15(30%) and $4.00(50%). But this is just me, and it may not happen, but let see.
So since it is now at $0.63cents, you are not going to buy it until it goes down, let say $0.05cents, right??, well hope you are right, because if you have not buy it when it hit $0.52cents you may not see that price again.
jml1968, I see things a bit different from your point of view, and that is what make this exchange of ideas good. What I see is the following:
1-)DOW/NDQ/S&P are ready for a pullback of 5% to 10% and then they can go higher
2-)Brazil, need the whole world economy to grow, so they can sell their raw materials, and USA/China/Europe are not growing the sectors that will help Brazil: China is not expending as much as they used to be on constructions(e.g.three gorges dam/mass ghost cities), USA(when was the last infractruction we did??, 1960??), and Europe they are almost dead, and wait until the Russia make their move on Ukraine things are not going to look good in Europe, and remember summer is almost gone and fall and winter are just around the corner, and Russia is waiting for payback.
No matter what you do, please have at least 1/4 of your investing money in Cash, just in case.
Well, now that I read about your investment strategy in SID, I have to say that yours and mine are more or less the same, you sold half at high $4, I sold all, and we both waiting to see if it drop to a nice entry point.
Now there are different driving forces to move the stock:
1-)Increase market share
5-)debt level and the fulfillment of it
Right now SID, has as back wind: buyback; front wind Country/Economy/Trust, and buyback will end, and as of right now the power of the buyback is getting weaker, I am not into fear mongering, but into reason
Hi nickeyblaze, thank you very much for your warm welcome. Now you are starting to sound like the Jihadist/ISIS, that if I don't convert to your point of view, there is only two choices, either leave the SID or follow your investment strategy, well, I have news for you pal, I am not leaving SID(there is money to be made if play right) and I am not following your investment strategy at this moment, and I will tell you why, using buy-back to mask the underlining issue with the Brazilian stocks is not right, like I said, after they ran out of the money for their buy-back, then what??, you stated that they should focus their resources on growth areas or other places to enhance shareholder value, WELL SAID, but why they did not do that already??????????????, I mean dahhh!!!, but the reality is other, China is slowing down, the same with Europe, USA is not investing in infrastruction so, no growth here, the world cup did not help Brazil the way some idiots told us, China is looking more into other countries to get their raw materials(e.g. Africa). Now, at $4.15 or below it is a good value, so like I said before, I am like a good hunter, waiting for the right moment to attack, because I am not wasting energy(money) if the chances of success are not at least 60% on my favor.
Just lets believe for a second, that SID drop to $3.95, and I buy, cool right?, but now lets see your strategy, you are in the same place that you were before around June, no REAL GAIN OR LOSS, me in the other hand can show REAL GAIN, if it never drop below $4.15, I just lost the opportunity to make more money, but I never lost REAL money, can you see it???????/
I have never left, even when I sold all my position of SID, I sold at $4.22 and I thought I could of buy it back in two weeks, it is taking more than a month, but like a good hunter, I am waiting to pound back in.
at jml1968 I am waiting like a leopard, to the right moment to get back in......................I sold it at $4.22 and it is been over a month since that, but I am still paying close attention to it.
Right now this pos is $0.01cent up, but I bet it will end the session in "RED", please make your bets..........
Thanks for taking your time, but look at SID-GFA those are also Brazilian companies, granted they are not in the communication, but that give you a feel of the Brazilian market. Now if you compare VIV vs OIBR, both Brazilian both in the communication sector, things don't look that good for OIBR.
Now, If the merge does not happen, what will be the reaction of OIBR?
@zoroaster85 can you explain to me why is then, that it just keep going lower and lower, and even in the past two days the DOW have moved over 250 points, but OIBR just lost like 2 cents??
is that it is the most predictable stock in the Universe, you know that every day it will go down, so please play this pos accordingly.
@shanetraffic and fooledbyrandomness4, To make things clear I am in the "RED", I was able to drop my avg price to $0.81cents and as of right now this #$%$ is at $0.55 so Im down $0.26cents. Shanetraffic if they do that I will vote for that in a second, as of matter of fact the can give $0.80cents and I will be happy. To Fooledbyrandomness4, I guess you need around $1.00. The reality with this pos, is that nobody and I say nobody in this board know anything about how this pos is going to go in the next three months or so, hey I think the OIBR does not know either. What am I going to do, just wait to see if it goes above $0.80 to sell, but in the mean time I just want to see how stupid my investment(if you can call that investment) was in OIBR..................Good luck