Celso Senise Bought Quotations

A lot of people had bought into or held onto the stock in anticipation of the offer, so now they are getting out. And with the Brazilian market so weak, this further diminishes the market's credibility in the eyes of investors.

The market has been wanting to take profits for several days, but then came the U.S. rate cut when people bought on rumors and sold on the fact, and now the political problem, which really triggered profit-taking.