martes, 22 de abril de 2008

Moscow Cellular Communication ni idea

Millicom International Cellular SA (MICC) opened at 101.57. So far today, the stock has hit a low of 101.51 and a high of 104.25. MICC is now trading at 104.49, up 8.68 (8.55%). The stock hit its 52 week high of 127.40 in December and set its 52 week low of 66.00 in August. MICC rose at the end of 2007, but has shown signs of weakness this year. Millicom International reported this morning first-quarter 0earnings of $336 million, slightly higher than analysts' expectations for $334 million. The company also said it added 2.8 million new subscribers in the period. Technical indicators for the stock are bearish and steady. If you’re looking for a hedged play on this stock, consider a June bull-put credit spread below the $80 range. MICC stock could fall up to 23.3% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]

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