If you heard a big “SPLAT” sound in October, it was probablyCZZHellfire, this feels weird. I’ve just bought a sizeable chunk of Cosan (CZZ), the big Brazilian sugar/ethanol play. The weirdest part of all is that I’m taking this position for at least three months (a promise to myself) and that’s as close as I’ve been to adding to the LT positions for at least a year, maybe more.
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So mark me down as a buyer at U$2.84 and mark me down as a sugar bull over the next few weeks. Let’s see how this one goes. DYODD dude.