Hi musk, i was down big on this stock last year . I had a fixed income with a 20 % barrier and the stock sank. I found myself with the shares bought at 52 ! Smart/lucky enough to double up at 31,50 , and since i was finnaly in the green and i decided to sell that "initial half" .. I will probably keep other half as "core holding" but i prefer TOT for that purpose, which i still own double position .. you know french and all.... there are also logistic reasons with my accounts for this move..
Rumor has it that the new president of brasil will be replacing the CEO of Petrobras if so that would cause the stock to plumet. I am a big fan of this stock and like where the country is headed, with Lula out of the picture we might see a pullback, what do you think ?
The CEO is not leaving. And even if he was, Dilma has been the chairman of the Board, minister in charge, for a long time. And Lula was out of office long ago... this is not news. If there is a pull back it will not be for these reasons.