Herzfeld Caribbean Basin Fund, Inc (CUBA) Surges On Obama's Bold Move

Herzfeld Caribbean Basin Fund, Inc tagged a fresh seven-year high earlier

Dec 17, 2014 at 11:33 AM
facebook X logo linkedin


Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) -- which is tied to equities principally traded in the Caribbean Basin country -- has rallied nearly 43% today to linger near $9.71, and earlier hit a fresh seven-year peak of $9.87. Stoking the bullish flames are reports that the U.S. and Cuba will begin diplomatic discussions.

More details should emerge when President Barack Obama and Cuban President Raul Castro -- who spoke by phone earlier today -- take the podiums in their respective countries at 12 p.m. ET to formally announce a prisoner swap. Additionally, Obama is expected to unveil a number of changes to current travel and economic restrictions.

Should the strides taken between the two nations continue to benefit Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) -- which is now in the black on a year-to-date basis -- a short-covering rally could ensue. Short interest surged 49.4% over the past two reporting periods, and at the fund's average daily pace of trading, it would take more than six sessions to cover all of these bearish bets.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI