Colombia - HUGE heads up for Financial Investment

Tinto (Moderator) says on Jul 21, 2005, 16:21:

Oh-no! Time to sell! On a serious note, did he pump Bancolombia?

0 funny, 0 helpful.

bufalo says on Jul 21, 2005, 17:02:

Anybody sum up the show in a nutshell? I don´t get CNBC,

"If you don't like it - lump it, take it down the road and dump it." - Archie Bunker played by Carroll O'Connor

0 funny, 0 helpful.

poco says on Jul 21, 2005, 17:33:

New times Mad Money Repeats are 8:00 pm and 11:00 pm U.S. Central Time.

I am sorry if you can't see this. It is JUST LIKE CHRISTMAS to see this kind of ENTHUSATIC coverage (and length) on a financial show.

I'm watching it again, probably both shows tonight. I caught the word Colombia and BEER before I looked up. Seems MILLER BOUGHT a Colombian brewer. Not sure if separate symbol but SABMILLER was mentioned.

Yes,, Bancolombia WAS talked about,, along with all the investment opportunities he saw in COLOMBIA,, this was NOT just South America.

Bancolombia symbol (CIB): UNBELIEVEABLE,,, Normally when Cramer talks the after hours market moves. This was no exception and the biggest fastest jump I've seen yet. CLOSED at 18.71 The FIRST after hours trade was,,, 19.50 last trade afterhours was 19.78.. 5% move,,,, last 10 days,,, 22.5%

Had film clips of a donkey hauling coffee, FARC Guerillas shooting machine guns while saying Colombia is NO MORE Drugs and coffee. Colombia is growth, unemployment down, etc. (He quoted a lot of fast percentages).

Cramer has been AGAINST almost ALL financial investments in individual overseas companies his statement might be why buy stock in Peruvian copper when you can own "?????".

This was a change,, a big change for him. I'll edit this after I watch it again.

TINTO: You need to see this.

"Violence is the first refuge of the incompetent" - Isaac Asimov

0 funny, 0 helpful.

2retirensa says on Jul 21, 2005, 18:28:

Give us the highlights I don't get CNBC either! I usually can catch him on the radio when I am working. This is a big change for him! I can only beleive this short of hearing it for myself because it's here on PBH.
Maureen

0 funny, 0 helpful.

Mr. Hollywood says on Jul 21, 2005, 18:40:

Hmmm Man, I'd be very leery of investing in Colombia right now with the uncertainty around re-election. Wall Street loves Uribe and, if the re-election isn't upheld (which is entirely possible), they're going to run for the hills. Given how thinly traded everything having to do with Colombia is, that could be a real disaster for in individual who was overconcentrated in Colombia.

0 funny, 0 helpful.

poco says on Jul 21, 2005, 19:39:

Financial Report I’d say any Colombian company should be speculation. At my age I think I should be 100% in bonds and clip coupons.

Agreed, changing the constitution is the wrong thing to do. Look NO FURTHER than Venezuela. U.S. thinking was 8 years and that is that. Colombia thought 4 and they voted for 4 years so 4 years should STAY. I’d rather see a successor backed by Uribe, even his son (does he have one? Talk to bush on how this works) would be better than changing the constitution.

Bancolombia is thin, with an average of 165,000 per day traded on the NYSE. Not big by U.S. standards but for a Colombian company, pretty big. hummm, only 9% owned by institutions and some million trade days.

Bancolombia Reuters Investment Report. 135K PDF file, download or view.

"Violence is the first refuge of the incompetent" - Isaac Asimov

0 funny, 0 helpful.

jnconsult says on Jul 22, 2005, 10:27:

it's great seing cib going up.

does anybody know of any colombian "message boards" discussing the colombian and south american shares/investments?

rgds

0 funny, 0 helpful.

spigrimace says on Jul 22, 2005, 16:08:

They have the tools to get strong again Inflation back in the single digits, unemployment trying to get to single digits as well. Anyone been looking at CDT´s here, the intrerst rates they are paying are falling fast. It´s following a macroeconimic trend we just saw (see USA 1990´s): stronger currency, falling interest rates and a stronger stock market. The falling Colombian interest rates along with rising US interest rates may actually help Colombia because the rising US interest rates will make demand for dollars (still may be a long way to raise although to make demand for dollars) while falling Colombian interest rates may decrease the demand for Pesos and the level off the Peso strength may increase demand for Colombian exports and thus more pesos in the wallet for locals to spend in pesoland. I say the US will have to raise and raise rates to ward off inflation and create demand for dollars, probably at the expense of both a housing market cooling off and a decade or more of a dorment stock market and high (by US standards) unemployment.

0 funny, 0 helpful.

Avispa says on Jul 22, 2005, 19:54:

CIB Bancolombia broke 20 today, closed at 19.99.

Cramer pumping the stock is a negative.
I'll be taking profits quickly on any downturn here.

Long term i'm still bullish on Bancolombia.

0 funny, 0 helpful.