Sold Frontline – staying with Shipping Sector
AMP Sold Frontline ( FRO ) Friday Dec 6 at $3.50 Net profit 33% Rational: The recent move up in the price is not based on the fundamentals of the Company – rather the admission by the Company that it...
View ArticleTrading Alert – Safe Bulkers ( SB)
Safe Bulkers is making another run at staying above $ 8.00 Technicians can advise me if this is a ” teacup” . Fundamental believers will see the upturn based on the Baltic Index above 2000 and good...
View ArticleSanta Claus Rally In Shipping Sector
Just about the night before Christmas and I have the right to brag about the results of our commitment to the recovery in the shipping sector. We EARN our performance fee : DryShips also has a strong...
View ArticleShipping Sector Defies Baltic Index Decline
January 27th, 2014 shipping Watchlist 11:30 a.m. In short, for dry shipping stocks to justify higher levels and stop the price bleeding, the shipping rates as summarized in the Baltic Dry index needs...
View ArticleShipping Sector Recovery – Fragile
The shipping sector is highlighted in my new book ” Stocks That Will Double ” – now in draft . New orders threaten fragile shipping sector recovery: 9 hours ago – Reuters New orders threaten fragile...
View ArticleShipping Sector Update
Sector Returns From the Near Dead solid returns – Baltic Index Remains on upturn 06 March 2014 Baltic Dry Index (BDI) +89 1480 Rates BCI (Cape index) BPI (Panamax index) BSI (Supramax index) INDEX...
View ArticleChina’s Cooling Economy Hits Shipping Sector / Copper
The growth numbers are astounding – for the United states – but for china are said to be a ” cooling’. The result will be a decrease in imports of the goods that need ships to carry iron ore , coal...
View ArticleSome Good News For Shipping Sector Despite BDI
27 March 2014 Seanergy Maritime +27% on Q4 earnings, leads shipping names higher • 11:40 AM Seanergy Maritime (SHIP +27.1%) shares are surging after the dry bulk shipper reported Q4 net earnings of...
View ArticleShipping Sector Smacked by Dow and BDI Decline
We live in the hope that we will see a sustained recovery in the BDI AND the world economy – but it ain’t happening. Worries about the anemic U.S. recovery, the crisis in the Ukraine, a slowdown in...
View ArticleIron Ore Price Drop No Relief to Shipping Sector
Price drop will not increase demand from China – and not increase shipping demand. Iron ore declined sooner than expected this year as supplies exceeded demand and prices are unlikely to recover,...
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