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.
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Back at support, adding.
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Last: 41.2
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Adding paid off:
Waiting patiently, yield makes it a safe hold, despite the recent drop. It's a long term position with adequate position size.