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IHO - you may get a chance to get back in. I wouldn't be surprised if the short interest increases. At 6.35 PBR is still a great value. They got some financing from China when folks thought they would not be able to get debt outside brazil. By the end of the year I still think this will be at 10-12. They are supposed to release their audited financials in a couple of weeks. The SEC approved their write down methodology so no reason they shouldn't realease. I think the wrote down will be lower than people expect and I think this goes to about 7 by the end of April. Good luck
 
ps9 said:
irvinehomeowner said:
Now I know why I hate short term stock trading.

I finally got my Scott Trade account open (as you know I had issues with ETrade), and after watching people mention PBR and talking to ps9 offline, I decided to try it out.

I bought some (not a qwertrader amount) at around 6 but got scared when it was trading in the mid/high 5s. I asked ps9 what he was doing and he said he was getting out so I followed his lead... what a mistake.

If I kept, it's over 6 now and instead of losing a few thousand, I could be up.

Oh well... that's what I get. I'm still holding my AAPL but I guess I should start taking USCT lessons.

Lesson learned, ps9 is good at refi advice, stock trading... not so much.
Click to expand...

Hey man, go big or go home.  Gotta lose money to make money.  Too bad you backed out of my offer to go in on a Papa Murphy franchise.  Got a killer lease deal from TIC.  You could've gotten a 6CWG in a couple years
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Add pizza man to my previous list.  ;)
 
ps9 said:
irvinehomeowner said:
Now I know why I hate short term stock trading.

I finally got my Scott Trade account open (as you know I had issues with ETrade), and after watching people mention PBR and talking to ps9 offline, I decided to try it out.

I bought some (not a qwertrader amount) at around 6 but got scared when it was trading in the mid/high 5s. I asked ps9 what he was doing and he said he was getting out so I followed his lead... what a mistake.

If I kept, it's over 6 now and instead of losing a few thousand, I could be up.

Oh well... that's what I get. I'm still holding my AAPL but I guess I should start taking USCT lessons.

Lesson learned, ps9 is good at refi advice, stock trading... not so much.
Click to expand...

Hey man, go big or go home.  Gotta lose money to make money.  Too bad you backed out of my offer to go in on a Papa Murphy franchise.  Got a killer lease deal from TIC.  You could've gotten a 6CWG in a couple years
Click to expand...
So you're going through with that? I thought I already told you that's a bad idea, esp with all these make your own pizza places popping up.

Who is going to want to go somewhere to buy a pizza and then have to go home and bake it themselves? Pasta Bravo started out like that... and then they had to switch up to actually cooking it themselves.

I dunno... this sounds like a "I would sell PBR before it drops below 5" moment.
 
irvinehomeowner said:
ps9 said:
irvinehomeowner said:
Now I know why I hate short term stock trading.

I finally got my Scott Trade account open (as you know I had issues with ETrade), and after watching people mention PBR and talking to ps9 offline, I decided to try it out.

I bought some (not a qwertrader amount) at around 6 but got scared when it was trading in the mid/high 5s. I asked ps9 what he was doing and he said he was getting out so I followed his lead... what a mistake.

If I kept, it's over 6 now and instead of losing a few thousand, I could be up.

Oh well... that's what I get. I'm still holding my AAPL but I guess I should start taking USCT lessons.

Lesson learned, ps9 is good at refi advice, stock trading... not so much.
Click to expand...

Hey man, go big or go home.  Gotta lose money to make money.  Too bad you backed out of my offer to go in on a Papa Murphy franchise.  Got a killer lease deal from TIC.  You could've gotten a 6CWG in a couple years
Click to expand...
So you're going through with that? I thought I already told you that's a bad idea, esp with all these make your own pizza places popping up.

Who is going to want to go somewhere to buy a pizza and then have to go home and bake it themselves? Pasta Bravo started out like that... and then they had to switch up to actually cooking it themselves.

I dunno... this sounds like a "I would sell PBR before it drops below 5" moment.
Click to expand...

I'm with you homeowner. Yeah the pizza trend/fad is choose the ingredients for the personal size pizza.

PS9 - the upside I see in the pre made pizza is you don't have to spend money on the stove/oven. Maybe just a stainless steel table and your good to go.
 
morekaos said:
qwerty said:
FCX, got slaughtered today, the last couple of days actually since copper plunged. Picked some up in my account and my inlaws account. For those who missed out on NBR the last time it was 10, closed at 10.36, picked up some more today.
Click to expand...

I continue to accumulate at these prices. ;)
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Keep your eye on NBR
 
morekaos said:
morekaos said:
qwerty said:
FCX, got slaughtered today, the last couple of days actually since copper plunged. Picked some up in my account and my inlaws account. For those who missed out on NBR the last time it was 10, closed at 10.36, picked up some more today.
Click to expand...

I continue to accumulate at these prices. ;)
Click to expand...

Keep your eye on NBR
Click to expand...

Was going to post About this. Hope others bought as well. Over 14 now. Great pick
 
Vale is in the low 5.50s. if you believe the forecast for ron ore to be 60-70 in 2016 (at $49 right now), then this would be a good buy.
 
Pbr up to 7.15, vale at 6.25, like the old adage says, buy when everyone is selling. Brazil is the 8th largest economy. Pbr produces more oil than Exxon. Vale is the third largest miner in the world. Still plenty of upside.
 
qwerty said:
Pbr up to 7.15, vale at 6.25, like the old adage says, buy when everyone is selling. Brazil is the 8th largest economy. Pbr produces more oil than Exxon. Vale is the third largest miner in the world. Still plenty of upside.
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thank you very much qwerty !! I got both based on the recommendations here .. Up 30%+ now in PBR and around 8% in VALE ..  At which price point would you start taking some profit off the table ?
 
GH said:
qwerty said:
Pbr up to 7.15, vale at 6.25, like the old adage says, buy when everyone is selling. Brazil is the 8th largest economy. Pbr produces more oil than Exxon. Vale is the third largest miner in the world. Still plenty of upside.
Click to expand...

thank you very much qwerty !! I got both based on the recommendations here .. Up 30%+ now in PBR and around 8% in VALE ..  At which price point would you start taking some profit off the table ?
Click to expand...

It really depends on your risk tolerance. There is probably some sort of pullback because of the fast run up. But I think it hits 7.75-8.00 when the audited results are released by the end of April. And I think it will be at 12 by end of the year. This thing was at 20 in late 2014 and nothing has fundamentally changed. For the same time frame vale has less upside but also less downside, iron ore is as low as it's been in a very long time. I don't think u can go wrong holding these fir a while but you know your finances so do what you are comfortable with. Good luck!
 
qwerty said:
GH said:
qwerty said:
Pbr up to 7.15, vale at 6.25, like the old adage says, buy when everyone is selling. Brazil is the 8th largest economy. Pbr produces more oil than Exxon. Vale is the third largest miner in the world. Still plenty of upside.
Click to expand...

thank you very much qwerty !! I got both based on the recommendations here .. Up 30%+ now in PBR and around 8% in VALE ..  At which price point would you start taking some profit off the table ?
Click to expand...

It really depends on your risk tolerance. There is probably some sort of pullback because of the fast run up. But I think it hits 7.75-8.00 when the audited results are released by the end of April. And I think it will be at 12 by end of the year. This thing was at 20 in late 2014 and nothing has fundamentally changed. For the same time frame vale has less upside but also less downside, iron ore is as low as it's been in a very long time. I don't think u can go wrong holding these fir a while but you know your finances so do what you are comfortable with. Good luck!
Click to expand...

Will probably hold on to it as its on my Roth IRA account anyway (tax free gain :))... keep those suggestions coming :)
 
rkp said:
lets keep rolling...which stocks do you have your eyes morekaos and qwerty?
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I've traded FCX recently and believe there is big upside in the next two years but haven't establishd a long term position but probably will soon, under 19 today. SPLK is another one I like. I had this at 45 and sold at 50. It's at 63 today.
 
Artx is one I've thought about but probably for a longer time horizon, 2-3 years, small company but could double your money in 2-3 years. Don't expect the quick gains like pbr on this one.

EWZ as well, a brazil etf. If you do pbr you may not want to do this one, could be too much brazil exposure for some to tolerate.  But I think Brazil will come out much better after the pbr scandal.

 
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