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Petr Message Board

llljohn 2 posts  |  Last Activity: Aug 19, 2014 11:47 AM Member since: Jul 3, 2012
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  • Reply to

    I'm out.

    by llljohn Aug 19, 2014 11:43 AM
    llljohn@rocketmail.com llljohn Aug 19, 2014 11:47 AM Flag

    Btw, short story is my concern Argentina could re-nationalize and put all their eggs in China's basket. The recent China loan opens too many possibilities for my imagination, making me uncomfortable.

  • llljohn@rocketmail.com by llljohn Aug 19, 2014 11:43 AM Flag

    Unfortunately I'm out. I still think the stock has amazing potential, but the recent China loan reminds me too much of China / Venezuela oil loans. Yet, for China, this could be as much about soybeans (China is biggest importer, Argentina is 3rd largest exporter) as it is about oil ..even if China wants both. I don't know, and I think it's more what Argentina decides it wants to do.
    Over a short run I still think there's big possibilities if things with default and / or (traditional) financing are reconciled. I prefer long and fewer unknowns.

    I hope things work out for everyone.

PBR
19.57+0.45(+2.35%)Aug 29 4:00 PMEDT

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