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Shippingboom

Macro - BDRYModel has given entry signals for Dry Bulk Shipping: - The investment seeks to provide investors with exposure to the daily change in the price of dry bulk freight futures. - We expect a boom in the shipping and freight sector with the pandemic backlog, and nations increasing their industrial production to meet new initiatives. - We are very excited about opportunities in the commodities and shipping sectors, as we believe a macro turn is approaching in the nearest future. - Technically has broken out of a channel, retested the support possibly finding a new channel top. GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
AMEX:BDRYLong
by UnknownUnicorn1043646
Global Shipping Equity recovery?Thanks for viewing, I am just posting this to make tracking the equity easier. If you ignore the massive 1 month spike in price and volume (10x volume) that would otherwise invalidate my EW count, the main downward price trend seems to be over. If I average in, I will have to be able to withstand price drops possibly to $3 and keep buying, but after that there is significant upside. I don't know what will happen to the global shipping industry. All I know is that EW points to the correction is over and the movement trend (despite inevitable volatility) I expect to be generally upwards over the medium-term. I am always looking at "bad news" unloved industries to see if there is value. Also very low PE and price to book value ratios. There also may be a swing in investor sentiment to real assets, Companies that actually mine, move, or make necessary things (e.g. not leisure cruise ships or over-leveraged airlines) If that happens, investors will find a Company trading at around a 70% discount on net assets. I would be more willing to invest in that as a store-hold of wealth than negative yielding government bonds. While, not as attractive as bullion or gold miners, it seems still better than bonds. Protect those funds PS; No fundamental analysis was conducted, no reports looked at etc. Liability disclaimer etc etc I am not long, but will look into it.
NYSE:GSLLong
by flyinkiwi10
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