Companhia Sanea (SBS)

[flatlander_60048]

As you can see today's weakness corresponds to a relative dollar strengthening move.

http://finance.yahoo.com/echarts?s=usdbrl=X#{"showSma":true,"smaColors":"#cc0000,#009999","smaPeriods":"50,50","smaWidths":"1,1","smaGhosting":"0,0","range":"5d","allowChartStacking":true}

I can't fault you at all. Trading around a core position is the only strategy that makes sense in this environment. Growth is scarce and valuations of most equities are up against the ceiling of resistance. Buy and hold does not make sense in this environment.

That said, I'm waiting for a clearer sign that the dollar weakening trend is ending before lightening up on SBS. $/Real still looks to be in the channel that has existed since mid January.

Regards FL