Seeking Alpha
  • The Aristos
    Long $PBR @ 12.85
    7/2/13
    Reply (19)
    • The Aristos: Tight stop set.
      7/2/13
    • jamesdoan777: Long too.
      7/2/13
    • sundate36: PBR is at 2009 levels ... Are you guys still in the trade?
      7/2/13
    • The Aristos: Yes. Narrowly missed stop at 12.50.
      7/2/13
    • sundate36: Long $PBR at 12.54.
      7/3/13
    • sundate36: Aristos - why did you put 12.50 as your stop?
      7/3/13
    • The Aristos: No technical reasoning related to PBR itself. Just would represent my acceptable loss for the risk.
      7/3/13
    • The Aristos: Not trying to swim against a 3-year downward trend. Just trying to align myself with an inevitable bounce.
      7/3/13
    • sundate36: I worry that Brazil (and other emerging markets) are going to be stuck in a downtrend similar to gold miners. One smart person here on SA...
      7/3/13
    • sundate36: ...suggested that a decline in gold miners foreshadowed the decline in gold. Totally correct. The question is, what asset class is going to.
      7/3/13
    • sundate36: decline in tandem with BRIC? I don't know if I'd feel comfortable going long PBR at this point.
      7/3/13
    • The Aristos: Stop hit 12.50 Friday. (vacation)
      7/8/13
    • sundate36: You are not going to re-enter the trade? It looks like PBR is ready for a bit of an oversold bounce...
      7/8/13
    • sundate36: I alternate between PBR and PBR.A in trading.
      7/8/13
    • The Aristos: Will consider. I thought it was ready last week too :)
      7/8/13
    • The Aristos: Will watch the next time it nears 12.00. If it doesn't fall through we could run back to 13.00.
      7/8/13
    • sreimer77: Loading up on PBR and vale. EWZ has tanked 20% in the past month and it has a30% short interest ratio. Short squeeze a coming.
      7/9/13
    • jamesdoan777: Nice call, sreimer77!
      7/11/13
    • The Aristos: Yes. Still just watching. Should of held on a little longer.
      7/12/13