Registered: May 2005
07-26-12 04:03 PM
Quote from SouthAmerica:
December 16, 2011
SouthAmerica: Reply to Nazzdack
You keep bringing up this etf, but I don't give a shit about what the βhot moneyβ is doing as long they stay away from Brazil.
I care about the long-term health of the Brazilian economy and that Brazil has a sound economic and financial system and not that garbage that goes on all the time on Wall Street.
Zinga is not investing, it is pure bullshit for people who don't have anything else better to do β and if you are stupid enough to invested your money on that company then you deserve to lose your shirt.
We know that there are enough fools out there, and that is the market that Zinga is trying to reach.
Now going back to your etf:
As of December 16, 2011
Brazilian Real (BRL) R$ 1.843 = US$ 1
As you can see on this chart in August 2011 the Brazilian Real reached (BRL) R$ 1.53 = US$ 1
Note: for more than a year I have been calling for the devaluation of the Brazilian Real vs. the US dollar to a level around: Brazilian Real (BRL) R$ 2 = US$ 1
To protect the Brazilian economy β the manufacturing base and the tourism area.
Effects Of A Currency Devaluation On Brazilian Stocks And ADRs β December 14, 2011
July 26, 2012
SouthAmerica: Reply to d08
When I posted the information about Zynga, Nazzdack posted information were he was complaining that he lost money on his etf's related to Brazil since the Brazilian currency had gone
from Brazilian Real (BRL) R$ 1.53 = US$ 1
To Brazilian Real (BRL) R$ 1.843 = US$ 1
He lost money because the Brazilian Real had declined against the US dollar, and I brought to his attention that for more than a year I had been calling for the devaluation of the Brazilian Real vs. the US dollar to a level around: Brazilian Real (BRL) R$ 2 = US$ 1
I was not comparing the Brazilian economy with Zynga, Nazzdack was the one who decided to bring up his losses regarding his ETF's.
I made the correct call about Zynga stock, and also about the direction and level that the Brazilian Real was going to trade against the US dollar.