You are brave when the PPS rises, you run and hide when it goes down. For the record I am not a short but a buyer, a buyer at a lower price for PBR. The traders----the ones buying this stock----will sell you out at any ANY hint of trouble. IF OPEC gives in and cuts production, the PPS will rise. IF the scandal is localized, the PPS will rise. IF the Brazilian economy picks up the PPS will rise. IF Cushing doesn't overflow with crude, the price will rise. Too many IFS for me. Have a nice day.
Sorry, moving average mean zip to this stock. TA is bunk with this stock. There are more things in the market than charts and lines and averages. You neglect reality of what is going on in the company and the product the company produce. I have already dismissed a TA drone weeks ago who announced that PBR was on its way to the stars because of some moving averages. Voodoo.
You can buy any time you like, your money, but the price of oil, the scandal, the very late company report, the mounting tsunami of crude... The PPS will drop some more. No rush to buy. i guess in 5 years it won;t matter if you buy here or not.
Way. You seem to discount nor even mention the price of crude oil which is forecast to fall to $30 a barrel. Plus no mention of the sluggish Brazilian economy nor the scandal. Finally the audited financials are going to be bad. PBR has a long way yo go to rise to above $10. Certainly it will rise and I am not questioning that, I am questioning your rosy predictions, much less your fantastic $20. Sure next year, but this year NO WAY.
Default is not coming. Unless PBR cannot pay its bond interest, default is not in the future. The PPS can really low, say $3, but default...no.
PBR to trade sideways for awhile. Investors not about to pile in with so much uncertainty. Where is that financial report they promised last year----yea it was last year. Those auditors are afraid to take responsibility for fear of a law suit. I keep telling you the SEC will step in sooner rather than later. Doubters beware.
But first they have to GO THROUGH the trial and the auditors have not finished with their QR and what will that illuminate? Yea, PBR is going to the moon, but it is all a matter of timing. Never count out politics in Brazil to surprise.
Die spammer. Why do you belittle yourself selling this #$%$? You are a desperate fool.
You have almost zero chance of filling that order at $2 let alone the $1 cover. You are greedy and will not be rewarded. Take your money and run.
China doesn't have the dollars, nor the inclination at this time. China's money goes into domestic and world consumption. China has enough oil and gas, they don't---at this time----need PBR.. Why buy a cow when milk is so cheap.
Right now the ride is down. The true believers longs will not accept any doubt or negative comments. They will go down with the ship if need be to prove they are right...and wrong.
Bev, no there is another scenario. The Saudis cut production and so do the frackers. War is not the answer. You do not want war to solve oil problems. The other scenario is (mine) we will run out of room to store crude and the price crashes. Let's see who is right.
PBR down a little. Way too much noise in the news and company for the PPS to rise. Inventories building as I write this. Fear growing supply of crude. The tipping point cometh. The scandal widens, still waiting for the QR now months delayed. Don't kill the messenger.
Every second of every day those crude oil holding tanks get filled. You can run but you can't hide from that. If they switched to storing in tankers it would only be worth about one month of storage. Unless OPEC curtails drilling and the frackers don't slow production or have economics slow them down, the price of crude tumbles and so does PBR. Guilty by association. You want peak oil LOL. Cushing OK is the center of the universe.
Do you read any financial newsletters or news items? Here is why crude oil is going much lower. It is simple to understand and it is called supply and demand. Supply: There is a glut as in the LARGEST SUPPLY EVER OF crude oil. When the storage facilities run out of room to store the crude they HAVE TO SELL IT. So, some day, probably in Spring 2015 there will be a tipping point and the price of crude crashes. Unless the Saudis curtail production and the frackers too, the price of crude is in a slow death spiral. Can you understand this? Please point out where I am wrong. Stop saying I am shorting. I am all for PBR share holders and they are right and will harvest profits, but not anytime soon. We are only arguing over timing not fundamentals of the company---though I can argue the fundamentals of PBR are not great.
I am not a short. What I say is this. The PPS of PBR will go lower. You cannot honestly look at what is going on in the world and Brazil and this company and see a rosy short term picture. You seem to invest with hope and the wonderment of a rookie investor. But hey, the unskilled get lucky too.