This stock is now officially on a death spiral. The market floor is littered with the bodies of longs who stayed to hang on and hold. Your day will come, but not this year. Do i hear $9 low? Yea baby.
if they pull PBR off the board and delist it is the same as cutting her legs off.. The PPS of this company, no matter the stock market they are with, will crumble. They will stay with the American stock market because that is where the investors are at. We got the money.
The 28th they report and I believe it is going to be bad. My mantra is buy good stock that stink. This stock stinks. If it goes to $1, it could , then back up the truck and buy with both hands.
Too bad the wacko tea baggers have been buying gold for years and will not believe that the end is near and their gold will save them from the zombies. Of course conservatives are full of hate and ignorance,
But even dumber is let's pump no oil and see how that works. You just can't shut the company down, send the workers home with no pay and the start up when crude prices are higher. Of course some capitalist don't see workers as people, they are slaves to dealt with as the boss man pleases.
"Taking it off here, boss.' Cool Hand Luke 1969
Well true. or maybe true, but this tiny company is spending money like, duh, water. They have little revenues and not much sales. Another company will potential and the management unable to deliver.
For the stock to drop 50% would require a catastrophe not even the bungling Brazilians could pull off, though they might try. . Agreed this company, country and PPS are all under pressures, but a 50% drop is not in the cards. This is actually a good time to buy or maybe soon. Having been trading stock way longer than you have I know that the PPS goes up and down and up and down and one buys when the company "stinks." Agreed PBR stinks. Oil and gas are not going away as a fuel source and PBR has a large reserve of the stuff. The price of crude may be $70 today but it will be up by next year. Once again, the up and down. thingy. I would be giddy with joy if it fell to $5 a share. Then, as it is said, I would load the boat and sell the children to buy.
You are mistaken to think that most of the people in Mexico want to come to the USA. Most do not. I think you have not lived in Mexico except for maybe holiday in Cancun or Puerto Vallarta---hardly a representative of Mexico. Plus it may surprise you that most Mexican understand the American frustration with so many illegals. Mexico has almost as many illegals coming from Central and South America. The Mexican economy is doing just great. Do some research and find out. I believe you suffer from a common malady of Americans. The conservative ones are not well traveled and think the sun rises in Manhattan and sets in Santa Monica. Most Americans are geographically challenged. The can find Mexico and Canada on a map, maybe Ireland and England, but that is about it. Why buy Mexico? Well you cons will be glad to know labor is relatively cheap and regulations of the environment are flimsy as well as unions. Also if you invest in the Mexican stock market you pay no capital gains, so buying and selling for profit is higher. There are no personal taxes here. Mexico is a second world country, not a third world.
You are so confused about communism. I can trust you that a true commie is not invested in the stock market. You don;t even know a communist, and they are the bogie men of the conservatives. The share holders at PBR are not greedy, they are poor. Can you not read the tape?