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Petróleo Brasileiro S.A. - Petrobra Message Board

  • raman_ds raman_ds Feb 10, 2013 6:09 PM Flag

    Should I go short? This pos is going down

    It will go to 5 yr low in 14s, no reason it will go up, Brent is 118 , oil is also due for correction, will take PBr down, but you never know, this stock is not normal equity, way oversold on technical basis
    Serious answers please

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    • I don't see what's going to send this stock so much lower....what else can go wrong.....I know the union is planning strike on 20th, but doubt that will happen....will they issue more stock to raise money....those are two serious things that could send stock into 10's, but really the upside could be 20+'s .....and really 30's if a miracle happens and government stops meddling....

6.40-0.160(-2.44%)Jan 29 4:08 PMEST

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