September 1st, 2008
Hello everyone, I hope you’re having a great summer/winter, depending on which hemisphere you’re in. To everyone that’s been reading this site, I just wanted to take a quick second to say thanks for “tuning in”. This page has been a labor of love for me, and it’s always nice to check out the statistics for the site and see that people are reading my articles.
That being said, I’d like to first off apologize for the week plus of no new posts that has been ended by this one. My classes for university here in Argentina recently started (I´m studying abroad for a semester in Buenos Aires), and because of that it has been relatively challenging to find time to continue writing pieces on the market. This doesn’t mean that I haven’t been keeping up to date with everything, and definitely expect to see more posts as I start to settle in better here. As an aside, for those that followed my advice on shorting Coca-Cola (NYSE: KO) at $54-55, I would say to go ahead and close your shorts right now in the sub $53 region (currently just above $52). I think if we continue to see downward pressure in financials and potentially see inflation start to pick up again if commodities make another run at a bull market, shares for Coca-Cola will start to pick up, especially if the bullish trend for the Dollar starts to halt.
Downside risk for closing your shorts now of course would be if the Fed raises its rates. I don’t think that would represent that big of a downward threat to KO stock price, however, since I don’t think most investors in the stock have made the connection between a weak dollar and the success of KO and exporters in general. Moreover, my advice would be to not hold out short on this stock for too long, since I think it has fabulous long potential, along with other exporter heavyweights like Cisco (NYSE: CSCO). [Under $24 I see as a buy for CSCO, under $23 strond buy]
Coming back on point, in addition to the continued market commentary, for the next couple of weeks I’ll be publishing an article daily about living in Argentina, all viewable in the “Traveling in Argentina” page, whose link is also located at the top navigation bar for the page.
As far as my reason for deciding to write some travel pieces, especially since it is relatively outside of the context of this site’s focus, the reason largely comes in the form that before I came to Argentina for study abroad, it was almost impossible to find really helpful articles on things that are really important about traveling to a foreign country, and especially about Argentina in general.
Although it is really easy to find cultural pieces talking about life in Argentina and sites to see, I felt like there was a general lack of non-fluff pieces on what life is actually like here, and the big things like prices of goods and how to do things like ride the buses, take the subway, call back home, banking while abroad, and general how to stuff about living in a foreign country.
Hopefully you’ll find this information helpful, but if not, I will continue to maintain a market commentary during the entire time, so don’t despair.
Again, thanks for your support.
Questions? Comments? E-mail me at thesaneinvestor@yahoo.com
All material copyright
© 2008 Andrew Jarmon
