After Friday July 14 BME (Bolsas y English markets) come out stock has not done anything but lose. On Friday, 21 closed at 27.60 euros with a drop of almost 11% over the auction price are the 31 euros. Today it appears that will be the first day to come up. He is now 27.84.
the long term may be a good investment, but you have to remember some things.
1 º Many people want to sell at 31 euros "to get their money" and therefore now has a potential upside limited. "For purchases in the short term, it is better to wait in excess of 31 euros.
2 º Soon BME will not have the monopoly of the bag. The brokerage firms will sell shares between them, and this clearly hurt a lot to BME, and his whole business is based on brokerage fees.
3 º now traded only on 30%, while the remaining 70% owners have pledged not to sell in 6 months. What will happen in 6 months? I do not advise investing more than 6 months.
So now is not the value or the long or the short term.
I think I've become more pessimistic about the value as before, is that the truth is there are many bargains in the stock market right now to focus on BME. Examples
... I am not an analyst, but for the long term I like TEF (which in 2009 will be 1 euro dividend per share and now trades for 13 euros we stopped) and Banco Santander (which seems going to stop buying and banks that may be good for trading, while BBVA intends to continue buying) and REPSOL quoted some attractive rates after the mess of Bolivia.
For the short term, I'll Metrovacesa (which is 69 with a bid for the 26% to 80 euros) and BBVAI, a new mutual fund that replicates contributed to the IBEX 35. IBEX is now in the 11,400 and I think over the summer will move into a trading range between 11,100 and 11,600, and an expanded range of 10,800 and 12,100 points. In the 10,300 is the long-term trend of IBEX, and would be a good place to buy in the short term.
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