so all you are really doing is "getting a lesson" in what experienced people know.. and that is joe s. is "the message board pin head".. and what is that you may ask.. that is the person who thinks he is so much smarter than everyone else when in reality it is the exact opposite.. he gets a handful of rookies to hang on to every word, every post he rights.. but there is always a sad ending to these stories in that.. he was wrong all the time and the stock investment/company was a loser.. because it was run by losers.. and that is the truth!!!
the stock SPPI is down another -26% this year 2013.. one of the hottest markets on record where most averages are up around 30%.. you could have actually made a lot of money this year instead of holding onto this loser and wetting your pants every time joe s. posted how great and smart raj was instead of the truth.. which is he is a despicable no good lying wedge!!!
in the decade of the 2000's over a 10 year period the top performing mutual fund was up an average of 18% a year.. the average invester in that fund lost 11% a year.. THAT IS A MIND BLOWING STATISTIC.. everyone bails out when THE DRAW DOWN HITS.. emerging markets have had their 3 year draw down and PBR an 8 year draw down..
and that is they want.. your frustration is a good thing.. this will turn and be a big winner next year!!! .. if you are bored watch Joe; greenblatt video on youtube.. and jack schwager 15 hedge fund manager video.. emerging markets are do for good year next year.. I like greenblatt video where 97% of the best mutual fund managers were in the bottom 50% for 3 years.. 79% were in the bottom 25% for 3 years and 47% were in the bottom 10% for 3 years.. everything cycles around and around..
unbelievable.. you had tenacity not taking the $3k a year loss.. and to think I once held ADSX DIGA and CHIP.. my happy story is I ran my account from $30k in 1997 to $1.5m this year.. stock picking is a dangerous game with many land mines out there.. but there are lottery tickets as well.. and TIMING IS EVERYTHING.. as bad as Silverman is Grillo was equally bad if not worse.. and to think the SEC allows this scam to continue? this criminals should be in jail.. just like Bernie Madoff..
for the 65th time.. lol
more discoveries.. this is just the tip of the iceberg, and to think just like the U.S. government did with QE.. Brazil and QE Petroleo Brasileiro into the STRATOSPHERE!!!.. see you there in 2014 ;-)
it is a psychological "pain point".. the same with all the headline news ( barrons, wsj ) rehashing the same old news.. once the sellers dry the whales buy.. who ever held from $77 to $12 is not going to sell.. company is worth $28 on enterprise value alone.. once they increase production and get pricing in line it will be worth more than that.. add in the unknown to as how much more oil discovery is off the atlantic cost of brazil? america big oil and wall street is not happy that royal dutch shell, total, china petro and bp are the preferred partners of choice.. but this stick down is good for new investors who are buying now!!!
also the emerging funds have been under performing for the past 5 years.. law of averages they are over due for a good year.. listen to jack schwager on youtube "15 hedge fund market wizards" video
I was looking at the emerging funds holdings last night.. #1 Brazil is a big percentage of many of them as far as percentage #2 PBR is a top 10 holding in some of them. so if they bought in the $30's and $20's they are still buying and averaging in the teens.. yes, director they are beating a dead horse!!!
the discovery was in the potiguar basin.. partners in the block will be petrobras 40%, bp 40%, petrogal 20%.. more oil discoveries to be made and announced in the atlantic ocean,,
PBR is going TO ROCK in 2014.. that is why Barrons WSJ and the rest of the institutional minions have been bashing it so bad.. they even have paid losers come and post on this board??? Brazil owns PBR and that is their asset.. they can ease as much as they want to.. but they must balance it with the Brazil economy.. anyone that even thinks PBR BK is so out of touch with reality.. that would be like WFC C BAC GS XOM etc go bK in America.. lol.. PBR $12/$13 deal of a decade!!!
the Fed tapper of $10B on an $80B a month purchase: FACT.. Brazil owns Petroleo Brasileiro: FACT.. what would the Brazilian Government need to do in way of a taper to PUMP UP PBR's balance sheet :-) in other words Brazil owns THE OIL ASSETS.. Brazil can move numbers from here and move them to there in order to make PBR look the way it really is.. an oil company the provides oil and gas for THE BIGGEST COUNTRY IN LATIN AMERICA.. PBR is under valued!!!!!
this is a good signal though.. I mean last year they had Gordon Johnson bash the Solar Industry unmercifully.. this year it is THE HOT industry group.. and poof he is gone! it's alright though Snowden is going to spill the beans on NSA eavesdropping on PBR.. buy when others are fearful!!!!!
minus 28% this year alone.. and that is after a terrible 2012.. raj has made one horrendous move after another.. MORE STINK BOMBS ON THE WAY.. see you at FIVE BUCKS!!!
and Eric Snowden is going to spill the beans on NSA spying on Brazil and PBR.. even courts and congress are starting to agree it is unconstitutional.. ACLU says he was a whistle blower not a criminal.. Brazil is back on the rise!!!