Amazing to watch so many stocks now move in daily increments of 15-20% as if they are all penny stocks. Buying anything and holding for more than a daytrade is an invitation to get fingers cut off... quite relentless of a beating for this stock market. These constant 4%+ moves are simply amazing. Losing 8-10% in 2 sessions on the entire index is the new normal.
- Sam Zell's Equity International increased its stake in Gafisa SA, Brazil's second-largest real estate developer, to 18.7 percent.
- The fund recently acquired 3.3 million American depositary receipts issued by Gafisa, equivalent to 5 percent of outstanding shares, Sao Paulo-based Gafisa said in a regulatory filing. Gafisa shares are down 49 percent so far this year
[Nov 19: Initiating a Position in Gafisa - Brazilian Homebuilder]
No position but one day will return to Gafisa