Blog > Editor's Pic > Blog article: TFN Crisis Trade MCB Bank (MCBBI) ADR rebounds nicely from recent lows
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TFN Crisis Trade MCB Bank (MCBBI) ADR rebounds nicely from recent lows

Posted June 9, 2008

mcb Bank

Baltimore — (TFN): On June 3, we gave you an advance peek on our latest TFN Crisis Trade of MCB Bank (MCBBI) ADRs to leverage political crisis in Pakistan. We had scheduled to cover it this week… but I had a feeling we might need to lock in bottom price levels at between $8.10 and $8.35 per ADR… (We entered it at $8.25 for our internal record-keeping.)

Friday, as U.S. indexes crashed, MCB Bank ADR was trading at $9.07 a share. (Prices reported on Bigcharts.com typically reflect the closing price of the last trading day.) That’s a 10% gain in less than a week!

Which indicates that our early release actually managed to peg this particular cycle’s bottom.

Hang on to your shares. I’m expecting to see at least $11 per ADR (which represents 2 regular Karachi-traded shares) within the next four weeks.

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Posted by J. Christoph Amberger · Filed Under Editor's Pic, International Investing 

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