Banco Macro Bansud (Up 7% once it started trading, but 71% if you got the IPO today) You gotta love the street when they bring this thing out the same day as the Do-Not Own (DONUT Store) Come On Argentina's Largest Fastest growing Bank or A DONUT Coffee store .......HMMMMMMMM......Remember KKD....I went with the hidden gem today....You can play the CNBC Donut Stock.... $COSTAverageMAN Forum--Journals---Trading for a living---Want To Share
For daytrading, both THI and BMA are far too thin for my taste. AAPL has been beautiful all week. NYX scares the hell out of me.
Yes, I'm a Long Term Holder....So For me BMA makes sense.... Also, I must say you gotta see the run CWPC has been making .....New 52 week everyday for the last 5 days..... Yea...I've got my original position in at .27c....(2,450% return in 9 months) Oil Sands in Canada....About to get off the OTC and onto a major exchange.....(Just look at the last executive they just hired...He is an expert in Sarbanes-Oxley....HINT-HINT) This is only the 15th time I have told this form about it!!! $COSTAverageMAN 10 Day Chart
I Use Vector Vest....And run many different screeners....Set up all possible positions usually (300 or more) on many different real time screens.....First to start moving upward with good volume I BUY into...(These are for short term trades) FOR my long term HOLDS----I do the HOMEWORK....I look at sector strength....Best of Breed....SAFETY....DIV YIELD....Institutional Ownership....FUNDAMENTALS.... The short term trades have been very profitable..... Yesterday I got into....SPEX, LIV, RUN (all short term and they closed up 68%, 36%, 76%)......These were the best performers I entered into yesterday.... Today I got LBIX....Up 30+% currently
Cost, I could be wrong but I thought the IPO was priced at $20.35? It's trading at approx $23.00 right now. am I missing something? Thanks!
Yes, I believe 20.35 is where it opened up at.....Those who got the IPO only paid $13.25......74% one day gain for the IPO folks.. $COSTAverageMAN..
I think the IPO shares were sold at $20.35 "Banco Macro Bansud, the first Argentine-owned bank to list on Wall Street since the country's crippling 2001-2002 financial crisis, offered 9.7 million American depositary shares outside Argentina, with each ADS representing 10 Class B shares and priced at $20.35." per http://yahoo.reuters.com/stocks/Quo...03-24_16-33-16_N24230125&symbol=BSU.BA&rpc=44 The low of the day was $21.60 so it didn't open at $20.35 So, I think THI still outperformed the bank.
$cost, may i ask, ... did you have lbix on your watchlist before the move, or were you alerted to it from your scanner? thanks.