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Baltic Dry index up by 80+ to 1820 pointing to recovery in shipping sector. As long the trend continue, all shipping counters would recover but currently due to hand off approach caused by tapering not much movement for shipping counters this week. Next week might be better, BDI might cross 2000 soon but SCFI fall far behind need some catching up. BDI up trend good for trading sentiment in shipping counters.
ship is for the investor with long term holding power. if want to make quick money, very hard high chance u lose than win. low volume suck for ship currently had to wait for bb.
this counter worth this much when is id losing money? Lol..thanks to our analyst....
No tapering guess economy still too weak. Ship would be range bound till 3Q in 31 Oct when fleet renewal would give a better view of group sustainable profitability. Hand Off ship till then.
by the way BDI is recovering nicely currently up by 80+ to 1750+ shipping counters should be able to outperform market when fed tapering happen.
short seller selling on eve of fed meeting result later this evening, if tapering did happen tomorrow ship would recover due to sell on uncertainty and buyback on certainty lol.
Punters fall in !!
I am going to hoot big big liao. LOL
stagnant again...
Punt! Punt! Punt!
sgng123 ( Date: 14-Sep-2013 19:14) Posted:
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by the way US and Russia had reached agreement on Syria chemical weapon issue, Syria crisis for now is off oil might take a plunge. Market had already discounted next week fed tapering so no big event, hope the growth recovering continue next week
NOL punters favourite cos can make money long or short as long there is enough volume traded. hope next week time for ship to cheong then can short when it hit new high, 2 ways profit.
nol good trading counter can make many rounds of profits
sgng123 ( Date: 12-Sep-2013 21:23) Posted:
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SCFI drop by 50+ now is like 1000+ back to where it is 6 months ago, asia-europe rate drop to 996. All this heading into 4Q contract rate if nothing is done by end sep, off peak session starting as usual. Currently container shipping is entering a new age of ultra large ships offering lower shipping cost due to better fuel efficient ships. Those liners that did not renew fleet during 2012/13 going to suffer due to new norm, to get back to previous profit margin need to upgrade ships to lower down operating cost. Explain why Korean and china state owned liners are ordering the 18K teu ships now abeit too late to save their balance sheet from bleeding in 2014/15 where low rate are set to stay. Luckily for ship, fleet renewal program would be completed in 2014 resulting in significant cut in operating cost to maintain profit margin. Maersk line had displayed that even in hardcore super low rate can still make a lot of money using fuel efficient ships and supply management.
end of good week for shipping counters, now profit taking by traders. Hope next week fed meeting don had any big happening then the recovering would continue. slow steaming of ship lol.
with cost reduction, ship shld be able to sail thru these undercurrents to reach the pacific ocean. currently fh r taking up positions to envisage for growth. soon it will be ship's turn. slow steaming now..enjoy!
1.20 is the hardest resistance level, just look at past 4 days ship meet with strong resistance at every 3rd-4th bid while other shipping counters breeze through . 4 days all green, tomorrow if can hold onto gain then next week might see 1.20 breached. when 1.20 is breached going to be smooth sailing for ship till the next big resistance at 1.50.
nol resistance 1.20 then 1.27
Peter_Pan ( Date: 12-Sep-2013 12:01) Posted:
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BDI go up by another 80+ to 1600+ look like this is having a rippling effect on all shipping counters. Now need to pray hard nothing big happen at the weekend and next week then shipping counters are all set for share price recovering. When Syria crisis and fed tapering is finally over, growth/shipping counters would be in investors favour.
YZJ surge another 5% today and Noble rocket 10% to 0.955. Might be rotational growth counters in play, wait for ship turn.