Friday POW!
Picks [pl.] of the Week
“Among all forms of mistake, prophecy is the most gratuitous.”
-Mary Ann Evans (aka, George Eliot)
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“I made my money by selling too soon.”
-Bernard Baruch
As you will soon read, this edition of our Pick of the Week (POW!) is in a different format. For starters, it is Picks rather than Pick. Also, we’re providing some updates on prior highlights, two of which have done very well and two that have been dogs with fleas/mange. Further, because there is a lot to cover, we’re keeping our bullish write-ups briefer than usual.
First on the docket is a stock from one of our favorite markets: Brazil. As many of you know, the Brazilian equity ETF we have endorsed in the past, EWZ, has been a stellar performer. In fact, it is up 38.03% and 47.01%, respectively from our two prior plugs. Today’s first Pick is closely aligned with Brazilian stocks; in fact, it owns the main exchange for those shares. It’s known as Brasil Bolsa Balcoa but we’ll just refer to it going forward by its American Depository symbol, BOLSY. (Bolsa means exchange in English, while Balcoa indicates over-the-counter listings.)
