BBD ==> The Ides of March Winner

[EMphase]

Yes in Montreal.

[studentofthemarket]

I'm out BBD @ 38.05$US

I will recognize a counting mistake here. BBD isn't behaving as intended. We count 3 waves on the upside that ended near 40.25$US. Now it looks the price is going to do another 3 waves that will visit the 36.00-37.00 range again then go up again... so basically making a larger degree triangle.

Worth it to stay in BBD? If you are in for a while sure but it's probably going to take a few weeks before BBD visit 40.00$ again.

It will take longer than that given the recent strife in Brasil.

[lemonjello]

Anybody want to pick a down side target on this one? Chartists?

[New-born baby]

Bbd

Anybody want to pick a down side target on this one? Chartists?

I've posted it here before: it will fall to at least $28, and unfortunately, perhaps even lower. No options to help either.

Here's the first warning that $28 was coming: http://www.mrmarketishuge.com/showpo...8&postcount=36

Here's another post on it: http://www.mrmarketishuge.com/showpo...&postcount=133

Here's another: http://www.mrmarketishuge.com/showpo...3&postcount=73

One can't say there weren't plenty of warnings.

[mrmarket]

and what of its earnings?

[lemonjello]

Latin banks

BPOP taking a beating too.

[New-born baby]

Out of my league.

and what of its earnings?

MM,
I don't know anything about FA. I just look at charts.

[sisterwin2]

MM,
I don't know anything about FA. I just look at charts.

cant say we didnt get the warning on this and mflx. I just lost my half of what it cost to trade on this one.... do wish I did the same with Mflx, Now I think I will have to look at it as a long term investment in which I am sure it will do well in at a later date. I thank you NBB for all you inputs. Market has done today just what you said it will do.

[New-born baby]

NOT infallible

I thank you NBB for all you inputs. Market has done today just what you said it will do.

Charts are only about 80% accurate. Enough to profit by, but certainly not infallible.

[spikefader]

Anybody want to pick a down side target on this one? Chartists?

Same stuff already discussed. New chart for ya. Lesson? Ernie et all bought the top of the right shoulder. Bulls had a chance early this month to run with it, and they dropped the ball and lost the plot. Yes, it's at support, including gap support from Jan this year......but bias is clearly short for me. Long is wrong in my book. BBD has a gap at 11.31, 68% lower than current prices. Like it or not, it's a fact. Good luck dudes.

[EMphase]

I got lucky on this one. One day later and I was in the hot water. In 37.65 and out 38.05. The markets are very nasty lately.

[studentofthemarket]

and what of its earnings?

Good question. How are their earnings prospects going forward? Are they growing earnings? is the Brazilian economy slowing?

How much exposure(if any) do they have with other latin countries? Nationalizing Gas and Oil fields isn't widely viewed as a positive thing by investors. Will there be a continental ripple effect?


My system picked up BBD at 26 and change. I didn't buy any because I was already invested. Some people here bought BBD around 40. It isn't trading at 40 any more. There is some reason that the value of this stock has been hammered. Perhaps their earnings numbers are bogus? and that hasn't been revealed? Are they vulnerable due to the overall turmoil down south? There is an explanation, we just don't know what it is yet.

have a good weekend all.

student

[billyjoe]

student,
Vectorvest figures forward earnings at 19%.

billyjoe

[spikefader]

Yet to read mm's writeup for this one. I'm not liking the inital TA presenting, sorry to say. But good luck folks! I'll stalk this one for better entries down the road.

OK, I'm bullish on it, conditional of the recent low holding. Under that and I'm a bear again. Good luck dudes!!!!!

[Rob]

Great Day For BBD

BBD's having a good day so far, and, like MFLX, also appears to have put in a bottom.

Update: At 3:26 today BBD is up more than 10%!