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Archive of entries posted on 24th October 2014

Brazil’s elections on Sunday: Sell Petrobras short?

I’m persuaded that Brazil’s Petrobras (PBR) remains a great short. This Sunday Brazil holds run-off presidential elections. If the president, Dilma Rousseff, is re-elected (and it looks like she will be), PBR is likely to fall another 10% on Monday. It’s already fallen 13% since I first recommended shorting it earlier this week. Under Rousseff, […]