With crude oil up almost $3 and the broad markets up, PBR is lagging badly. My streamer shows other Brazil stocks doing much better. Don't know what or why, but something still ailing PBR.Gap is filled to the upside. This may be as good as PBR gets for a while if the broad markets turn back down... which I expect to happen.I sold a good chunk and got long a little SPXU.
Maybe its the perception of political risk on a state-controlled company...http://www.bloomberg.com/apps/news?pid=20601109&sid=aV6rdv4v6jqk&pos=10
Yep. Just took a nibble of FAZ myself.
FOO AAPOO AARUBBISH!