Thank you for your contribution. As a reminder, you previously posted: " So your claim of being 'born stubborn' would be better suited to you. .
Another piece about the recent interest rate increase: http://blogs.barrons.com/emergingma...brazil-battles-inflation-hikes-interest-rate/ OIBR down 5% today to $1.84 in New York. http://finance.yahoo.com/quotes/oibr .
Update: The Brazil ETF (ticker EWZ ) broke below its 13 March 2015 low of $28.30 in late July. On Friday 14 August, it closed at $26.29. No positions in EWZ or Brazil stocks as yet. .
As mentioned previously on 19 April, stocks that fall by 72% can still fall another 99%. In late July, SID broke below its 52-week low of $1.447 and closed at $0.97 on 14 August. Therefore, "all sellers" had not yet sold before 7 April. .
Well, you just forgot to mention a +60% rebound when you praised for a sell mid-April. Shorting at a bottom with a diverging positive RSI was silly, is silly and will be silly. Story was quite different 3 weeks later. SID failed to break his daily 200 MA at USD2.9 (cf graph). When you short, timing is key if you don't want to go broke fast. Timing separates winners from losers. And shorting NOW this stock is again a bad idea. Probabilities are against you, and again RSI get a positive divergence. SID can go easily at 1.5 dollars, even 2 dollars for any reason. CM
At least someone reads your posts! You should be happy. And with your "clairvoyance" and "nice" tips, you will reach rapidly 4k messages and 5 likes, and still 0.0 dollars in your virtual account. Bravo. Or maybe you will change your behavior and try to understand what pros look at to make money? And make money too? Your choice. CM
No, shorting SID at $1.447 was a good idea, and it was also a good idea to short the stock at Friday's close of $0.97. It's down over 10% since then to $0.87. Maybe it's possible that some traders have different timeframes, risk/return profiles and strategies to you. .