Drastic times call for drastic measures . . . The difference here means political survival for Brazil's populist heat-seeking administration and the prospect of instant salvation for investment banks . What would it take for such a deal — a progressive capitalization plan — to happen? This would not be your typical LBO . . . More, it would be like kind and caring adoptive parents accepting the solemn obligation to raise what could be some pretty good kids later in life. Next week's talks could be very interesting . . . Let's see what happens.
Today's PBR performance IN LIGHT and IN SPITE OF EVERYTHING: Mere foreshadowing.
The very nature of the meetings set to take place in New York next week will see 15 banks joining with PBR to explain how tehy did nothing wrong when selling $98 billion in PBR bonds to American investors . . .
None of this is to say that PBR is an exemplary example of how to run an oil company. Simply making the observation that a sentiment swing can add 10- to 20-percent of heft to a beaten equity very quickly.
Could even envision some "radical reforms" on the part of new PBR management . . .
Watch and see what happens . . .
The very nature of the meetings set to take place in New York next week will see 15 banks joining with PBR to explain how tehy did nothing wrong when selling $98 billion in PBR bonds to American investors . . . Should be very interesting to watch . . .
Made the decision to go long with PBR last Friday morning . . . One major declaration leading into next week and it's absolutely a green rocket . . . Watch and see what happens.
. . . as previously noted: Wholesale short covering has started . . . Truly believe that PBR is one key announcement away from a massive correction — not to double digits — NOT YET; but certainly, in the 15 - to 20 - percent range . . . Don't know at what point some of you got on the PBR Short Boat; however, I would establish a short position at this juncture. That's just me . . . Let's see where we go from here. ; )
Yes, when the subjective definition of "glut" is scrutinized and redefined as "solid reserve." If I have two cartons of milk in the fridge; the case for my milk "glut" is only valid for a few days . . .
Sentiment: Strong Buy
Heady 15/17 Percent Green Day Awaits . . .
Sentiment: Strong Buy