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Petróleo Brasileiro S.A. - Petrobras Message Board

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  • stocker4949 stocker4949 Nov 7, 2008 6:51 PM Flag

    I sold some above days high in AH

    Good move. I expect PBR to behave like any other stocks such as xom, cvx, dvn..and so on that had record earning, but down several dollars right after the news! It appears the institutions and investors are looking to exit with their profit by the news immediately and expecting the lesser result in the next quarter due to the economy slows down based on much less consumption. The key is not to get attached to the stocks you trade no matter how good of the companies and stocks today. Jobless rate is predicted and expected to climb much higher into 2009. Always take profit whenever you can.

4.93-0.19(-3.71%)Nov 27 1:02 PMEST