The market is still very strong. Trade started with some profit-taking and further losses due to negative foreign (market) influence but the selling never gathered steam.
More Quotes from Marcelo Porto:
Today we initially hoped that stocks would rise and erase yesterday's losses, but Wall Street triggered a new wave of profit-taking.Marcelo Porto
It looks like it is becoming Brazil's first Internet blue chip.
Marcelo Porto
The rise today was hardly explicable and I think the market is a bit dangerous. There's big room for a correction still and it might happen any time.
Marcelo Porto
This is more to do with profit-taking at the end of a week of extraordinary gains.
Marcelo Porto
We had a good, positive day today. The market managed to consolidate itself despite some sideways moves and broke the long-wanted resistance level. Surprisingly for the eve of Carnival, the volume was good.
Marcelo Porto
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