Petrobras

$PBR Petróleo Brasileiro S.A. – Petrobras (PBR) Update

For those of you who tune in frequently and follow us on Twitter knew that the stock was a must buy around a month ago. We advised for any buy under $10. We also made clear that you had to go all in at $5 on the 13th of March.

For those of you who did listen you made nearly 90% in profits in one month. This brings our books close to 380% for 2015.

PBR is about to list audited balance sheet this week. These balance sheets are likely to list a new column for risk related write offs as well as massively increased expenses on the legal column.

This is likely to trigger a short fiesta. Whilst for long term traders we recommend to hold and acquire stocks – day and short term traders must now sell stocks as their will be a buying opportunity at a lower price point and double dip on the profits again. We are already seeing a price fall for 3 straight days now. We recommend short term traders to cash in their profits now.

 

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