Next week will be the real tell of where PBR is headed in the short -term.
This week's close of 10.90 (V = 90 M shares) is lower than last week's close of 11.20 (V=120 M shares) and Jan-31st close of 11.21 (V = 113 M shares)
Monday could be be setting up for an intra-day reversal and next week has a chance to be an outside reversal week, considering that this week's high was 11.35.
On the other hand, if PBR breaks the Feb. lows of 10.63 and closes below 10.78 on higher volume then another leg down might be in the making.
I think it is going to be a make or break week for PBR. Broader market is running out of catalysts and looks venerable as well.
The Bollinger bands are compressed and very close and have begun to diverge, often a pre-cursor for a big move to come. The million $$$ question is in which direction?
Will have just wait and see...
Just cuz you sold for a loss and are bitter... 30% in a day? seriously? Not all bottoms are formed alike... some stocks capitulate and others don't. So, instead of trying to figure out bottom, look for a powerful reversal.
The question is how low can it go on P/E, PEG, book value basis?
Just to clarify, one ADS = 2 common shares.
As per the above break down the total OS for common is about 2.83 B shares.
I extracted the following information from the prospectus:
Acquisition of Shares by the Brazilian Federal Government:
The Brazilian federal government, our principal shareholder, and BNDES Participaço˜es S.A., FPS/
BNDES, and the Brazilian sovereign wealth fund (FFIE), which are affiliates of the government, have agreed
to purchase a total of 1,810,505,485 common shares and 994,917,669 preferred shares in the offering. In the
aggregate, the Brazilian federal government and these entities will own approximately 64% of our common
shares and 48% of our total outstanding shares after the offering.
Number of Common ADSs = 134,648,375
Number of Common ADSs = 100,416,977
1) Merrill Lynch, ...................................................... 20,309,463 15,146,227
2) Banco Bradesco BBI S.A. ................................ 20,309,463 15,146,227
3) Citigroup Global Markets Inc. .......................... 20,309,463 15,146,227
4) Itaú USA Securities, Inc. ................................... 20,309,463 5,146,227
5) Morgan Stanley & Co. Incorporated................ 20,309,463 15,146,227
6) Santander Investment Securities Inc............. 20,309,463 15,146,227
7) BB-Banco de Investimento S.A. .......................12,791,597 09,539,615
Where did you get the 75% number? Also, what is the current OS & FLOAT size. Do you have a link to share or this info.? Is it on the PBR website under "Investors" section?
PBR cannot hold a single day gains and has been closing at the o near the lows of the day. Most technical indicators are bearish and there seems to no catalyst that can make the stock move higher. An absolute great example when WS shows no love to a stock. Obviously, WS crooks rather run up TSLA, FB, NFLX, GMCR etc..etc... rather than touching PBR (Which still makes $$$ and is trading at
Low float? How did you figure that out when the OS are in billions?? Do you have an exact number??
How about "Wasting" your time instead of "Waisting"? Will that help your cause?
No follow though and an ugly day for PBR. All is not lost yet and a Doji was formed on the monthly chart (Yes folks, PBR opened @ 11.15 and traded all of Feb between 10.63-11.84 and finally closed @ 11.20)
Generally, a doji at the end of a long downtrend is an indicator of potential change in trend, but only the following candle can confirm that.
The potential dividend news and gap up on Monday would be a strong momentum changer, but AH action doesn't seem to care much about it (In all fairness, it is a Friday)
will create a Doji on the monthly chart.
Dojis generally mark a reversal of trend, but with PBR there seems be only one trend that always point down. Anyways, will have to wait ans see...
A close of 11.21 would make it unchanged fr the month of Feb.
I trade via options only and it makes my trade very time sensitive. It is disappointing to see that that was no follow through from yesterday (4% up on 30 M shares, closed above 20 EMA, outside reversal day etc.. etc..) All that wiped out by an article from Barrons. The WS crooks knew it was coming and that explains the terrible PM action after such a strong close yesterday. My bigger concern is where would PBR end up once this market starts selling off??? The relative under performance has been astounding...
More negative articles piling on today... If they keep pushing $11 will crack. So far the action has been worse than the earnings day. Esp. considering that the broader market is soaring today. If it can't rally in to the close, then more downside to come...
Gee.... Did I just strike a nerve?
Adults? Who, you guys? LOL
Which pathetic boiler-outfit do you guys work for? Clowns like you are neither Long/Short, Just come to clutter the board with your cr@p...
Draw the long terms charts in any way you like and tell me what do you see happening with the long term downtrend line in this stock?
Hmmm... For a guy who talks so much about security analysis, you sure could take some tips about spelling. Let us start with understanding the difference between "Waist" and "Waste"
Step 1) partially compete, Close above 20 EMA on high volume and Bullish-engulfing on the daily chart.