That's some dangerous thinking right there, that the market "must" do anything.
Direct personal advice from a good broker you know and trust is one thing, and the good ones don't even deal w people who are investing less than $5 million.
Stock research reports are pretty much useless. I had access to Goldman Sachs stock research for a while, and it was all just as worthless as third-tier #$%$ like Zacks. In fact, you can pretty much assume that anything you can access by clicking a headline on Yahoo!!!!! Finance is worthless.
Socialism, capitalism, I feel so smart when I use fancy-sounding -ism words, look at me mommy..
PETROBRAS ON PETR3
Price BRL 18.32
Number of Trades 21,362
only question is whether that is already priced in or not
and wait for low 40s again,w this thing already wobbling while US markets are an all-time high, nowhere to go but down in short/intermediate term
Yeah, cause he has no incentive at all to say that regardless of what he really thinks right?
This kind of fiscal problem going into an election year is bad news, personally I'm in too deep to bother selling, but I wouldn't initiate new positions if I was in cash.
What's really moving all Brazilian stocks today is news of a worse-than-expected fiscal deficit and a big drop in the Real. Stuff like that is what the people w enough money to move this stock pay attention to. Without that news, PBR would probably in the low 18s today.
You guys are delusional if you think the people who move and manipulate this stock on a daily basis give a #$%$ about the 200 DMA, EMA or any MA
How the real affects a company depends on the structure of its revenues vs costs, if revenues are dollar-based and costs real-based, a real skid could be a good thing, not sure how that words out w SID, domestic vs international sales, etc
It might be idiotic depending on how it's said, but not always. Once a stock is trading in the $2s it'd be stupid not to consider that maybe there's something insiders know that you don't. Especially in Brazil; trust me, I grew up there and honesty is not exactly a strong national value, on average.
You posting bombastic statements about buying 10k shares is dangerous to other investors: 1) It lacks context, it fails to mention how much of your net worth that represents. 2) Even if for some random reason you are some random 1/10 of 1% outlier who has consistently made money plowing everything into one high beta stock, that is still a stupid way to invest for the vast majority of the population, and at some time in the future it could become a stupid way to invest for you too.
Typical journalistic trick, juxtapose things that sound like they might go together and hope the reader doesn't notice.
Bids on highways and railways and ports and bullet trains have nothing to do w the sporting events. Airports maybe, but quite possibly not really either.
You have a keen grasp of the obvious.
And you strike me as a type that's more concerned with winning unwinnable arguments than actually learning anything.
Reread my original post, I never said not to invest in SID, only not to put more than 5% of your portfolio in it.
Petrobras recap in 2010, special dividends, messing with voting rights (special stock classes) issuing too much debt, insider trading (for example, I knew about the BK acquisition by the Garantia group 4 months before it happened, it was an open secret among the well-connected, though I didn't trade on it) etc.. as well as general issues with kickbacks under the table for anything and everything, price fixing, lax enforcement of securities laws, byzantine legal system, etc ,etc
I did not say SID in particular, but the general environment helps condition the behavior of all.
Brazil doesn't have a tradition of independent and aggressive financial journalism, or maybe the journalists are too busy already with the politicians, so it's hard to find links to this stuff.