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Petróleo Brasileiro S.A. - Petrobras Message Board

  • arwen_imaginary arwen_imaginary Jan 7, 2011 6:57 PM Flag

    hey doc, i find it funny that..

    you know my positions and my best performing stock this year is pfe... just shows you how hard and ilogical investing is.

    ps.. you were incredible on the 33-38 range prediction on pbr last half year. What do you think now???. I have sell orders at 38 and 41.

    A bit late but happy new year...

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    • Arwen, I don't do technical analysis. I just go with my gut on these kinds of guesses. I feel that PBR hits a high of 38 or 39. On the down side, I am just looking at a whole lot of world bubbles/places to blow up. If that happens this year, PBR could hit $20 to $25. For whatever reason, I just feel like the year for the world to blow up again is more 2012 than 2011.

      You have the commodity bubble, Chinese/Canadian/Australian housing, and the Canadian/European banks that are dangling on the edge. The hard part is guessing when these things are going to fail, but they will.

      • 1 Reply to docjoe999
      • I agree 100 % doc . Before i think we did not agree on the " when" , now i think we are on the same page. I think the bank bubbles/troubles in Europe are way more dangerous than commodity/housing that the world will continue to use and need. I mentioned it took Argentina some 3 years to blow with its debt crisis, 2012 will be year 3 for Greece....and then domino effect...

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