It has been a shame... really... the largest company in Brazil is involved in a big corruption and nothing is being done... The market is giving the answer to Brazil: a loss of 64% in 5 months in market value! Petr4 is the most weighted stock in IBOV and is pulling IBOV a little bit down every week. By analyzing both graphs you can see the correlation between them.
Let's change the subject because I already discussed corruption in PETR4 in previous posts and I don't want to sound repetitive...
I continue investing in Small Caps and companies not correlated to IBOV.
Last week our trade didn't start (ITSA4) because the price never achieved our trigger.
For this week, there is one stock that calls my attention (and we already have 30% of a previous trade with us, so, we will increase our position if this trade starts)
RADL4: Start Gain (buy ONLY IF achieves) 26.32 ; Stop Gain (sell 70% of what you buy) +2% ; Stop Loss (24.94)
The other stocks we have 30% are:
RADL4: +5.8%
CTIP3: +7.6%
MPLU3: +4.7%
IGTA3: -1.8% (let's increase our stop loss of this position to 23.84. If price goes up, great. If it goes down, we sell it and we close the whole trade with 0% profit or loss).
Have a great week.
Leo.
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