Absolutely. Maybulk doesn't have capesize. This is the reason why when BDI spike up so bullish maybulk doesn't. Anyway it is all down to whether you are an investor or a trader. If trader, you should have run much earlier. Investor will find opportunities to collect. Chill guys, maybulk up or down no one can control. So don't need to be so rude towards one another. Anyway, maybulk is just a small portion of my portfolio. Because I believe coming few QR should be great since index still remain at high side even huge correction now
Dry bulk charter rate went up a lot already and it certainly needs some healthy correction.. Imagine Grab Food transport fee went up from RM5 to RM30 per trip... or lorry fee went up from RM200 to RM1000 per trip.. even RM600-800 the lorry companies are making a lot already...
The Baltic Exchange Dry Index extended losses to a fifth straight session, falling 6.1% to 3,808 on Wednesday, its lowest since September 9th and posting its biggest daily decline since January, amid weak demand across all vessel segments. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, plunged 9% to 4,828, its lowest since August 13th; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, slipped 3.5% to 4,083, a more than one-week low. Among smaller vessels, the supramax index fell 153 points to 3,344, its fourth consecutive decline. . source: Baltic Exchange
sharonchong Dry bulk charter rate went up a lot already and it certainly needs some healthy correction.. Imagine Grab Food transport fee went up from RM5 to RM30 per trip... or lorry fee went up from RM200 to RM1000 per trip.. even RM600-800 the lorry companies are making a lot already... 27/10/2021 9:27 PM
BDIY tumbles again! Good!! I can now slowly deploy my high cash levels to buy @ the 50-65 levels heading into the Nov qtr rpt & year-end rally & into CNY 2022! =)
Good for me also because I can really lower my avg cost significantly, with big foreign currency S$, HK$ & ¥ deposits sitting in the bank earning nothing...lunaticpang72 thought that I would be hurt by drops of 1c in this stock...unfortunately, he's too b0d0h 2 know that I raised cash levels continuously since Jul 2020 & have been preparing for crashes that I predicted for October 2021.
Fixed deposits earning a pittance are coming due on 2nd, 5th & 8th of Nov...on top of lots of cash sitting idly in broker trust accounts anticipating sharp market drops. I didn't survive 27 years in the mkts for nothing!
"dompeilee I hope u hv high cash levels like me...2 sleep well @ night is my highest priority =) 28/10/2021 9:21 AM "
Aiya, forget it lah Dompeilee. You recommended Premium Client to buy, Pay a couple hundreds just for 1 tip MayBulk, and now losing LouSai, just like PangSai.
So disaapointed with your paid service. Tak boleh pakai.
BDI went down as fast just as fast as it went up to 5,500..healthy correction. I hope it can find support at 3,800 level which i think is still very profitable for Maybulk.
Almost all metal stocks dropped drastically along with the transportation stocks today. Please observed Pmetal (aluminium) and Ann joo(steel)) share price today.
My advise dont buy such as value trap company.... macam lately eps good but may suddenly turn into loss in next quarter report, you can't expect its every QR to be good, if so then you are putting your money in risky way. Even let's say its EPS still remain good... but somehow it is still didn't giving single sen of dividend.
Thank you for the panic sales.. I able to collect more shares than I disposed during 0.79...
Keep in mind, the decrease in BDI mainly due to decrease in charter rate of capesize which did not owned by Maybulk. 40% of BDI index contain capesize.. Now, capesize index have been dropped significantly in this few week (from 8k+ to 4.8k)..
Maybulk owned 3 panamax, 3 supramax and 1 handysize.. although capesize have decreased by almost 50%, it did not impact Maybulk..
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2959 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hantamking
2,509 posts
Posted by hantamking > 2021-10-27 18:01 |
Post removed.Why?