Dow?

[The Motor Court Company]

Roth IRA...I am still regretting I did not do it when I was still eligible...

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.

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 ?

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!

Will probably hold on to it as its on my Roth IRA account anyway (tax free gain )... keep those suggestions coming

 

[rkp]

Roth IRA...I am still regretting I did not do it when I was still eligible...

cant you still do the after tax to IRA to roth conversion trick?

 

[qwerty]

Pbr up another 6% today. At 7.36. Up over 50% since it hit the low of 5 recently. Almost 50% runup with plenty of room to go.

TCCC - have u hit 10k yet?

 

[The Motor Court Company]

no just the initial small investment of 1000 shares @ little under $6

Pbr up another 6% today. At 7.36. Up over 50% since it hit the low of 5 recently. Almost 50% runup with plenty of room to go.

TCCC - have u hit 10k yet?

 

[Coleman]

Great thread!

Just got a new job washing cars and gardening after I got kicked out for panhandling in Foothill Ranch (Thanks TCCC for narcing on me)

Therefore, I have some pennies (and quarters from the rich Irvinites who visited me) to play with.  Will be following this thread! 

Where you guys at with oil right now?

 

[morekaos]

Time to load up on some energy stocks.

I concur

Could not have timed that better

Buy when others are selling...sell when others are buying.


http://www.cnbc.com/id/102582924

All of the sudden, this sector is crushing the market

If April is supposed to be the cruelest month, don't tell the energy sector.

S&P 500 energy stocks are up 6.5 percent over the past month. That is more than double the performance of the next best-performing sector, health care. In fact, energy stocks have risen by more in April than the S&P 500 has risen all year.

 

[rkp]

Buy when others are selling...sell when others are buying.

which market is everyone selling now?

 

[morekaos]

Transports are weak...but that may be bad overall for the markets

 

[qwerty]

PBR/NBR have been tearing it up lately, PBR closed at 8.90 and NBR at 15.5. Vale which i was still pushing at 5.5 several weeks ago is at 6.19 today. FCX which i commented on when it was low 18s several days ago closed at 20.65. i did end up buying 1500 shares of FCX in the low 18s to open a long term position, i should have bought more :-(

Brazil was dragged down by the PBR corruption scandal, those were once in a lifetime prices on PBR at $5, other brazil companies were dragged down with it making brazilian equities very cheap.  Audited financials should be released on 4/22, though with this run up it starting to feel like the classic buy the rumor sell the news situation, although PBR i think is still so undervalued right now the selloff may not come when the results are audited.  i was thinking this would hit 12 by 12/31/15 but now i think that will be closer to $20, 8th largest economy and pumps out more oil than Exxon with 13B barrels in proven reserves and all of it is PBRs.

 

[jerometl]

.

 

[Irvine Dream]

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GH, don't worry, you didn't have to delete your post.  No one from here is going come ask you to lend them some money.  Good job investing

 

[jerometl]

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GH, don't worry, you didn't have to delete your post.  No one from here is going come ask you to lend them some money.  Good job investing

My math was actually wrong and have to leave before the chance to edit it ..  But, basically sold 1/3 of my PBR yesterday .. I originally thought I have recovered all my capital back and the remaining shares are all profit, but math actually was not correct.  Either way, am happy to take some off the table .. thanks again everyone especially qwerty for the recommendation !! 

 

[irvinehomeowner]

I haven't teased USC about NFLX in a while and I just looked at it today because of a news report of them having record sign-ups (and if you haven't watched the Daredevil series, you are missing out).

I can't believe it's gone up $150 in the last 2 weeks, from $412 to $564... bonkers. Should have gone in at $70.

 

[irvinehusky]

Like they say, you don't lose money taking profits. 

My math was actually wrong and have to leave before the chance to edit it ..  But, basically sold 1/3 of my PBR yesterday .. I originally thought I have recovered all my capital back and the remaining shares are all profit, but math actually was not correct.  Either way, am happy to take some off the table .. thanks again everyone especially qwerty for the recommendation !! 

 

[qwerty]

Pbr releases audited results on Wednesday. Excluding the scandal related write down and other potential impairments I think earnings will surprise to the upside and think it will pop 5-10% on Thursday. This could be the last chance to get pbr for under $9/share, well at least until the next scandal

 

[usctrojancpa]

I haven't teased USC about NFLX in a while and I just looked at it today because of a news report of them having record sign-ups (and if you haven't watched the Daredevil series, you are missing out).

I can't believe it's gone up $150 in the last 2 weeks, from $412 to $564... bonkers. Should have gone in at $70.

I don't trade momo stocks.  I continue to trade what I know best (VIX/VXX) and have profited very nicely so far this year. 

 

[irvinehomeowner]

I haven't teased USC about NFLX in a while and I just looked at it today because of a news report of them having record sign-ups (and if you haven't watched the Daredevil series, you are missing out).

I can't believe it's gone up $150 in the last 2 weeks, from $412 to $564... bonkers. Should have gone in at $70.

I don't trade momo stocks.  I continue to trade what I know best (VIX/VXX) and have profited very nicely so far this year. 

You keep saying that but you were the one who said Netflix would go out of business and I don't think you said why (whereas I stated why I don't think so because we use Netflix all the time).

Just own it.

 

[usctrojancpa]

I haven't teased USC about NFLX in a while and I just looked at it today because of a news report of them having record sign-ups (and if you haven't watched the Daredevil series, you are missing out).

I can't believe it's gone up $150 in the last 2 weeks, from $412 to $564... bonkers. Should have gone in at $70.

I don't trade momo stocks.  I continue to trade what I know best (VIX/VXX) and have profited very nicely so far this year. 

You keep saying that but you were the one who said Netflix would go out of business and I don't think you said why (whereas I stated why I don't think so because we use Netflix all the time).

Just own it.

I was wrong, happens every now and again.  I never traded NFLX and never will along with never using the service so I could care less about the company or where its stock price is at.  It's all about the VIX/VXX for me. 

 

[irvinehomeowner]

I never traded NFLX and never will along with never using the service so I could care less about the company or where its stock price is at.

And that's why I said that I don't think you can make that call.

It's like me saying that BMW or Porsche is going to go out of business when I don't know anything about their cars nor do I drive them.

P.S. When you have kids, you will care more about Netflix.

 

[qwerty]

PBR financials are out. the impairment related to the bribes was 2.1B and then a regular impairment of 14.8B on other assets.  that is the big monkey of the back of PBR.  its up over 9 after hours. Today was a great day for the qwerty household, Vale up 10%, NBR up almost 5% and PBR up 4%.