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flavio.arruda

BEARISH BBAS3

Short
BRASIL ON EB NM (BMFBOVESPA:BBAS3)  
flavio.arruda  
BMFBOVESPA:BBAS3   BRASIL ON EB NM
banks Earnings BBAS3 Bearish Patterns
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banks earnings bbas3 bearish
BBAS3 (Banco do Brasil) releases earnings this Thursday. As happened with other Brazilian banks they must trigger sells (ex: ITUB4, BBDC4). Being a state owned bank must intensify plunge.
I should start to buy a put spread (between 18.50 and 17.50) today to take advantage of this movement.
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