PBR: Bottom's in...

1 giu 2018

We are long here from 9.66ish, sadly I couldn't publish before cause I was on the go, but well. My clients and me already bought. Now it's back over the monthly mode, and a key earnings support level, so if holding over this zone,it should be safe to accumulate positions in this stock, now that buyers capitulated with news of the CEO resigning. Debt restructuring had gone very well so far, and I expect it to continue to be that way. Let's see what happens with demands from truck drivers who are in strike...Fuel prices could affect the company's returns if the government intervenes. I think it won't happen, and investor's fears of bankruptcy risk will be proven to have been overblown.

Best of luck,

Ivan Labrie.

7 giu 2018

Trade chiuso manualmente

More bad news hitting #PBR, we will have to exit and watch it to buy back lower in a few days

7 giu 2018

Trade attivo

I bought back, intraday chart looks like a bottom and oil is picking up.

7 giu 2018

Nota

finance.yahoo.com/m/69d85978-96d7-392f-8bac-f48094b05548/foreign-firms-invest-in.html?.tsrc=rss

14 giu 2018

Trade chiuso manualmente

It didn't hold over the monthly support, now the USDBRL is weakening again, many risks in the horizon for South America and Brazil in particular. Better to watch from aside and flee these parts of the world, investment wise.

30 giu 2018

Trade attivo

Well I actually bought back at 9.35 avg.

11 lug 2018

Trade chiuso manualmente

I don't like the fall in oil here, I'm out for now.
Good profit, from the low 9.30s till now.

30 lug 2018

Trade chiuso manualmente

Safer to start looking for the exit.

11 ott 2018

Nota

Top is now in...last: 15.07