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.
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.
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