CLOSING SHORT BZU IM
We felt that with price being near all time highs and Trump rally being overdone, SHORT BZU was a decent trading call, but were wrong this time.
Closing for -6.1% loss.
BUZZI UNICEM TRADING SELL
NEAR ALL TIME HIGHS
Thursday • 17 November 2016 • 09:08
Trading near all time highs post an average set of numbers and a big TRUMP rally.
We think the move has gone too far. We understand the positive for infrastructure stocks but we feel too much is priced into the stock far too quickly. There is a long way to go for Trumps till we get some concrete (no pun intended) policies.
Before we see the benefits to the top and bottom line we are talking 2018 at the earliest.
Trading sell. Will keep it tight with a 2% stop loss.