IvanLabrie
Long

BPAT: Highest yielding bank in Argentina

BCBA:BPAT   BANCO PATAGONIA SA
I'm swapping my $GGAL, $BMA, $BHIP, $FRAN for more shares in $BPAT. I had already acquired a few positions a month ago, and looking to add today, and on Friday.
I think the chart looks great for a strong breakout, and considering all the other banks yield less than 7%, while this one yields close to 10% it is easy to see the appeal here. For now, it isn't trading at NYSE, only in Brazil's stock exchange as an ADR             , and locally in the BCBA.
Huge upside potential, and maybe an acquisition target for $BMA.
As a sidenote, see related ideas, I had pointed out Argentina's appeal for foreign investors, currently, Argentina is the strongest performer globally, YTD, when it comes to broad stock market indices.

Best of luck,

Ivan Labrie.
Comment: Back at support, adding.
Comment: Last: 41.2
Comment: Adding paid off:
snapshot


Waiting patiently, yield makes it a safe hold, despite the recent drop. It's a long term position with adequate position size.
Comment: If still in, I'd BANK it...
Trade closed manually
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out