PBR: Bottom's in...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.
