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Petróleo Brasileiro S.A. - Petrobras Message Board

  • donbarr5 donbarr5 Nov 7, 2008 5:41 PM Flag

    I sold some above days high in AH

    Weird how you can get .34 cents more in AH. I'll take a little off table before the weekend since I couldn't find one good news headline today. I don't even know why the market was up? All the news was devastating.

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    • Wish I saw that and would have done the same, expecting $22- $24 next week.

    • Market is playing its same old usual tricks by going up big on the bad news to lure people to go in. As soon as they got you trapped, Monday is going to be a flat day when there is no economic data while the bad news today will still linger. Just be careful the market will play a delay reaction sometimes next week by today's bad news. It has done this way many many times this year to get people trapped with losses.

    • 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.

9.05-0.21(-2.27%)Aug 24 4:00 PMEDT