I was stopped out of Brazilian home builder
Gafisa (GFA) this afternoon. Unfortunately a lot of countries that are healthy are going to have to take steps to combat Ben Bernanke. Brazil is one of them - to slow down the economy and inflation, the rumor mill of raising rates is churning (identical to China) ... and homebuilders don't do well in a rising rate environment.
I'm completely out after making at attempt to get back in
on a limit purchase order last week on a "gap fill". The stock bounced smartly the next day, almost a full dollar from my entry but obviously has given it all back. Taking a very small loss. There should be some support down there at the 200 day moving average in the mid $14s.
No position
x
