Money Morning Staff ReportsAmong the many adages that longtime investors are probably familiar with is one that counsels “you’ll never buy at the very bottom and will never sell at the very top.”But with his recent market calls on the iShares MSCI Brazil Index Exchange-Traded Fund (NYSE: EWZ) in his “Buy, Sell or Hold” column, Money Morning Contributing Editor Horacio Marquez may have done just that.Back on Oct. 27, 2008, Marquez told readers of his popular "Buy, Sell or Hold" column that the iShares MSCI Brazil Index ETF was a "Buy." At the time, the ETF that’s designed to reflect Brazil’s overall stock market was trading at $29.94 a share.But that’s not all: Marquez actually made his market call almost exactly at the market bottom for the Brazil ETF, which had actually closed at $100.47 a share on May 20, 2008. After achieving what would turn out to be the closing high for the year, EWZ started a slow decline that accelerated as the summer turned to fall.By the time Marquez penned his column, the Brazilian ETF had plunged 70%, enabling him to make his “Buy” recommendation at what was essentially the bottom for that ETF.And once he did so, the ETF’s share price began to rally almost immediately. Coincidentally, in the four days following the publication of his column, the ETF zoomed 31%.As it turns out, that was just the start.On Friday, Oct. 23, the ETF closed at $74.34, meaning it had zoomed 148% since Marquez’ original “Buy” column was published. That gain came almost in exactly 12 months.With "Buy" and "Sell" Calls on Brazil ETF, Money Morning's Marquez Catches a 148% Move
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