Blogs I read

nevblog.com

Here is a blog I really enjoy reading of a young entrepreneur of South Asian origin. He works out of Austin, Texas and does everything from eCommerce (his forte) to investing (buy and hold type).


kirkreport.com

Here is a day trading guru who lives for day trading. Has some really in depth research. Interestingly, was never formally trained in this!

Lucky on Not Having PBR Yet

I think my strategy of waiting till Nov/Dec is paying off and not having joined the bottom callers in the past few months. I might even push it back further to the very end of December. Meanwhile, am also considering buying SBS - another Brazilian company into water and sewage. I think this could be a good buy given the climate. 

Okay So Petrobras is Down and Out below $30

But I did say I'll wait till November / December which pretty much saved me some serious heartache. I think it will be fun to see where it is headed. I am tempted to buy it now but I want to stick to my original plans and buy it in November / December.

The valuation is crazy and its probably pricing in the Brazilian government taking serious steps to get to all that oil. Also, Oil prices of course! But I think that oil prices will get back to about $100 pretty fast. This is because demand for oil today is extremely diverse and developing nations are increasingly more important, particularly in their numerical strength. Stock market bubbles will not effect them too adversely and Asian economies as well as Latin American economies are bound to grow. I think though that Asian economies are likely to have a far harder time given their export orientation. I think its important for them to find their own market and trade between themselves more as their consumer base matures. If they can do this, they will be fine, if they can't then they'll go to the dogs. I am not taking that risk until I see improvement in those numbers.

I think I might look more closely into GE as a ballast for PBR in my portfolio.