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Bullboard - Stock Discussion Forum Petro Rio S.A. HRTPF

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."

GREY:HRTPF - Post Discussion

Petro Rio S.A. > What a roller coaster
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Post by robnhood on Feb 03, 2014 7:46pm

What a roller coaster

this stock is. Sounds like the ship got a new captain and a load of fuel. MM seems to have been fed to the sharks.
 What I still can't understand is where all the selling keeps coming from. Almost 50% of the stock is held in two or three hands and still 12 million shares were sold today at what seems to be stupid low prices.
I refused to buy any more today. Enough is enough. What do these sellers know?
Comment by buggati on Feb 04, 2014 10:13am
Hood, My guess is day traders...plenty of them bougfht at $.15 and are dumping for a good profit..mello is laughing all the way to the bank with his 13 million golden parachute..the cheerleading cretins at ihub are all jumping up and down saying they won't vote for a buyout less than $2.00..like the vote of these idiots means anything..50% of the stock is in the hands of 3 investors and what ...more  
Comment by robnhood on Feb 04, 2014 12:03pm
Day Traders, the MM's, are always the culprits. I don't believe that.  MM's and day traders are trading in and out daily. They usually go home flat or close to flat. The stock has to come from somewhere else, and not those two.
Comment by buggati on Feb 04, 2014 3:08pm
Hood, I should have used the term short term holders looking for a quick buck...i sold half my position at $.30 and bought back at $.24 and I am a long term holder...how many times have you done the same trades..where else could the stock come from if not traders looking to lock in a profit
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