Companhia Sanea (SBS)

[flatlander_60048]

Santorini sounds great. Wanted to go last year but my wife could only get away in August. Way too hot so we opted for Norway and Prague.

Looks like SBS is maintaining the upward momentum. I wrote some July calls that are slipping well out of the money. I still anticipate that the upward momentum will stall for a while but not just yet. April is turning out to be extremely dry in Sao Paulo. I think that there have been some premature prognostications that the drought was over. This may have some bearing on the share price as the dry season rolls on. For now, commodities and emerging markets seem to do well on dollar weakness.

Regards
FL