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Petróleo Brasileiro S.A. - Petrobra Message Board

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  • skinz4q skinz4q Mar 11, 2008 10:52 AM Flag

    Never buy anything CRAMER recommends...

    I bought in at $90 in late January and sold at $125 after the Cramer effect ran its course. I'd be very happy to buy back in at or near $100, because I think this is one stock that will go up in spite of (not because of) Cramer. Brasil is a real powerhouse of an economy supported by enormous natural resources and an improving educational system. There was very little confidence in the business community that Lula would turn out to be as good for the economy as he has been. The Brasilian currency has actually gained even more against the U.S. dollar than the mighty euro since Lula was elected, and I can see this trend continuing. Lula was an avowed Socialist who said what he had to say to get elected, but then he did the right thing. That gives me a lot of hope that Obama (who has been compared by some to Lula) could prove to be a lot better for the country than many people expect. Anyway, I have very little confidence in anything that Cramer recommends, but PBR stands on its own strength and needs no boosterism from Cramer.

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