I have played the following stocks may times and done well on them. I currently have no position in them. If the market should go south, I might jump back in if they get oversold. When the markets are volatile they offer big rewards on big swings.
For those of you that dare to enter Brazil plays it can be risky but the rewards can be high. The political concerns never end over there. All the ones on my playlist took a big hit today. EMERGING MARKETS-Brazil real, stocks down on local political concerns SAO PAULO, Dec 1 Brazil's currency and stocks fell on Thursday as traders feared frictions between lawmakers and prosecutors could increase political instability and delay the approval of austerity measures. Senate President Renan Calheiros tried to accelerate on Wednesday the approval of a greatly watered-down package anticorruption measures but failed to gather enough support for the early vote. Prosecutors have accused the Brazilian Congress of seeking to block the sweeping Car Wash graft probe as it comes close to incriminating several lawmakers. The Brazilian real weakened 2 percent, by far the worst-performing currency in Latin America. The Mexican and Colombian pesos slipped roughly 0.7 despite rising crude prices as persistent fears of higher U.S. interest rates weighed on market sentiment. Brazil's benchmark Bovespa stock index fell 2.5 percent, led lower by a slump in shares of bank Itaú Unibanco Holding SA. Federal police launched a raid targeting Itaú as part of a probe into alleged bribery of tax officials regarding a case involving a local unit of FleetBoston Corp that Itaú bought from Bank of America a decade ago. http://www.reuters.com/article/emerging-markets-latam-idUSL1N1DW0XQ
Most of the Brazilian stocks are down today, including the two I'm trading BBD and SID. Hoping for a bounce on Monday as both are getting close to my targets.
The Brazilian stocks have been on a terror run of late and on Friday had a overdue pull back. I took profits myself on ELP but should have played it a little longer. @T0rm3nted played the other three and did very well. Congrats Chris! If anyone has any Brazilian plays to add I will add them to the list.
I have added BSBR to the list of Brazilian plays. It has had a good run and is at the overbought level, Jan 13th close