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JoeCole
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JoeCole's Blog : GFA for oversold bounce

Date June 22, 2011    Comments Comments (22)    Rate this post Recommend This Post (49)   
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52 week high at 18.24, current price at $9.39. I'm assessing that this is due to global cooldown and commodity cooldown. Is the selloff in GFA justified? I don't think so. The market is blindly selling GFA without considering that Brazil has more market friendly politics than any other South American country, even if it manipulates steel production and jobs, which GFA should actually benefit from. Construction is growing in Brazil, earnings growing, raw materials prices are lowering. The US is cuting back subsidies to corn ethanol, which should help out sugar ethanol, primarily produced in Brazil. Also the Olympics and the World Cup.

Tags : GFA   CZZ  

22 Comment(s):

Author JoeJustJoe     Date June 22, 2011 11:18 Abuse this post Report Abuse
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Brazil is a grossly overvalued nation right now. Real estate values are in a bubble and the currency has appreciated to bubbleiciousness agin the U.S. dollah. Thur was jist a story on Bloomberg about how the Brazilians are coming to Miami Beach anna bidding up condo prices cuz thur in a hurry to lose the money they errned by accident as quickly as possibull *-) GFA actually doan look too bad on the longer term chart cept to say that it "looks like" $10 dollahs is the last visible means ov suppote till $7 dollahs er so. *-) Ov course 99.999% of ALL exchange traded stocks eventually go back to takeout 2008-2009 lows.:-) 3J
Author 2win     Date June 22, 2011 11:49 Abuse this post Report Abuse
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The building boom in Brazil is not a necessarily bubble. High prices are mostly the result of growing legitimate demand as the lower class moves to better accomodations. Naturally, there is a considerable amount of speculation. But GFA is probably suffering largely due to backwash from the USA real estate debacle. I wouldn't be afraid to buy GFA, except for the lemming-induced, psychologically-motivated downward trend. Intrinsic value is good.
Author JoeJustJoe     Date June 22, 2011 11:58 Abuse this post Report Abuse
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Uhhhm, the morons are paying over $1000/sq ft for residential housing in some areas ov Brazil. Thaaas about wherst prices were fer Miami Beach condos in 2007. Needless to say...humans being a dumb bunch still fail to learn from past Miss Takes as the deadly "greed fackter" takes over in Miami again. The article mentions how developers with a "Brazilian" connection are planning new projects. They are all gonna git taken down in a BIG way. Prices are still bloated in Miami Beach...never mind Brazil! *-) 3J
Author JoeCole     Date June 22, 2011 12:00  Edited: June 22, 2011 by JoeCole Abuse this post Report Abuse
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When everyone is looking for a bubble, there isn't a bubble. Right now it's bubble speculation which is actually an inverse bubble.

The bubbles right now are obvious: Gold and Treasuries. What worked for the past 10-15 years will no longer work.
Author JoeJustJoe     Date June 22, 2011 12:00 Abuse this post Report Abuse
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Jist gimme the ETF tracking ticker that follows Brazil anna I'll tell you eggZack'sly how overvalued Brazil is. I doan track Brazil but like always...it'll take me 3 seckonds or less ta tell ya ifn I knew the ticker *-) 3J
Author JoeJustJoe     Date June 22, 2011 12:05 Abuse this post Report Abuse
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Actually, nobudy realizes thur's a bubble until it's too late...even whenst thur is "ample" warning like the housing stocks gave us in 2005...a fool 18 mumphs befo actual housing prices topped. On the nudder hand...fokes will often say thur's a bubble whenst in fackt thur isn't. Right now fer instunce, fokes sssthink that U.S. treasuries are in a bubble and interest rates have no place to go but up. Even dummass Bill Gross sold out of all his treasuries. To his credit he did just say a college edjumacation is werthless for "most" sheeple tho *-) 3J
Author JoeCole     Date June 22, 2011 12:12 Abuse this post Report Abuse
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I think we eventually reach a point where the whole world wants to sell gold and there's nobody left to buy it. I am very bearish on it.
Author JoeJustJoe     Date June 22, 2011 12:16 Abuse this post Report Abuse
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I'm werkin on gold as I'm spekkin to ya. But like me sed at my spewage bored, the gold morons are gonna "probly" git hit harder thn NE1 else during this secondary wave down in the markets that starts soon....reeeal soon. *-) 3J
Author JoeJustJoe     Date June 22, 2011 12:24 Abuse this post Report Abuse
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Otay, the ETF that tracks Brazil ad generates the mostest trading volume is EWZ. It is sitting on a long term confirmed top. See that 46.13 low? That was a "telemagraphed" move that actually shows up on the longterm chart as a nonconfirmed low. Brazil is toast and as always Mr Market "knows" it waaaay before you do...or those idiots paying waaaay too much for condos in Brazil n Miami Beach do *-) Here's yer long term targut fer Brazil as measured by EWZ >>> $5 dollahs. Jot that down so ya doesn't fergitit. *-)3J
Author Burtman     Date June 22, 2011 12:38 Abuse this post Report Abuse
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Can you buy puts on the EWZ thingy? Yikers!
Author JoeJustJoe     Date June 22, 2011 12:42 Abuse this post Report Abuse
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Yazzum, Burtski, EWZ trades putskis but it woan net ya anythang close to the chachingo CROX o'sheeyit will. Isss my "nuber 1" play right now :-) 3J
Author Burtman     Date June 22, 2011 12:50 Abuse this post Report Abuse
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You sure they ain't announcin those cherry reds at the end of today???
Author JoeJustJoe     Date June 22, 2011 12:57 Abuse this post Report Abuse
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They can't...I put a patent on the cherry reds AND the granola flaverd CROX o'sheeyit hiking shoes. *-) 3J
Author JoeJustJoe     Date June 23, 2011 14:48 Abuse this post Report Abuse
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Brasil! ...eees goot! *-) ....gulp! :o 3J
Author JoeJustJoe     Date July 11, 2011 20:42 Abuse this post Report Abuse
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Brasil! ....eees zer goot! ...gulp! ...i mean...GULP!!! :o Always GOOG ta see ya keepin down mit da Jonesers thur, CJC. BTW, ya need more coal!! *-) Hmmm, I wonder how "the" Buffoon is doin...at least he tried to put up a lttle bit ova fight. You clowns ova heeeya at Zaxby's are waaaaaay too eeeasy. *-) 3J
Author JoeCole     Date July 11, 2011 21:04 Abuse this post Report Abuse
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gulp!
Author JoeCole     Date July 12, 2011 18:41 Abuse this post Report Abuse
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GFA, why are you so bad? Now I must dump you, you swine!
Author JoeJustJoe     Date July 12, 2011 20:03 Abuse this post Report Abuse
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CJC...heeya's what joo need >>> KOL *-) Ya need more coal, man. *-) 3J
Author JoeCole     Date July 21, 2011 19:21 Abuse this post Report Abuse
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bouncin baby!
Author JoeJustJoe     Date August 14, 2011 18:10  Edited: August 14, 2011 by JoeJustJoe Abuse this post Report Abuse
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I SIRIously "doubt" you woulda held GFA to the 7.47 low...cuz like "yer ave Joe" ...you use stops which "automatically" take you out ov every single one ov yer trades with a loss. Nonetheless >>> Brazil! ....eees zer goot! :o Got coal? ??? 3J
Author JoeJustJoe     Date August 14, 2011 18:17 Abuse this post Report Abuse
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Oh yes..."almost" fergettid the "bubble" report...U.S. tresuries as measured by say TLT. Back in late June whenst "yer ave Jo" figgerd treasuries "must be" ...noooo, they "gotta be" in a bubble, TLT wuz trading at $95 dollahs n change. Nice move fer treasuries...no? Plus ya locked in a rate that wuz >>> 'better than da divvie" ifn ya bot back then. I know...I know....yer wonderin how I "knew" ...doesn't everybody wonder that thur? I thot so *-) 3J
Author JoeJustJoe     Date November 24, 2011 13:45 Abuse this post Report Abuse
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Brazeeel!!!....issss goot?!! :o Maaaayun, I'm sho yuns sheeple 'expected" me to be "correckt" on this heeeya call I made back in June....abouts how grossly overvalued Brazeeeel wuz. I am "correckt" 99.9999% o'the time afterall. Butt!! ...did NE1 "expect" me to be this right as rain? Looka that thur GFA thingy now. I'm wreckin I'll hasta start trackin it now that it is approaching levels that nunna yuns sheeple wud consider as a buy :o 3J
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