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The dead red hearts are long gone from here. They were telling...

  1. 3,322 Posts.
    The dead red hearts are long gone from here.
    They were telling you how great this was at 10c-20c and they were selling!

    I told you all in Sept at 20c to sell. Now its half that at 9.5c.
    It has a good currency hedge but its a domestic producer potential only so with a serious brasil recession worst in 30 years i would stay away until a defined flatline appears and the bottom appears, maybe at the prior basecamp of 5.0c

    Rio Olympics in August may create some interest yet brasil has become a deathground for many overseas investors (see MBN & Vale BHP) so they stay away as it keeps taking and not giving back.

    10.0c couldnt hold which may mean a lower low is in play at 7.9c -9.0c or may go to basecamp of 5.0c again, lets wait and see if 9.0c can hold. I wouldnt be buying here at all.
    Last edited by tomboy: 27/03/16
 
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