90% of dry bulk companies all around the world up 10-25% from Nov low, except Maybulk..! Something is wrong somewhere.. as if someone is pressing down the price...
The Baltic Exchange Dry Index increased 2.1% to 3,423 on Wednesday, a new high since November 1st and extending gains for a 10th straight session. The dry bulk market is mainly iron ore and coal driven at this point, with higher momentum in the Atlantic on relative vessels' supply tightness, shipbroker Intermodal said. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, surged 4.1% to 5,189, the highest in a month-and-a-half. Among smaller vessels, the supramax index added 32 points to 2,520, a fresh high since November 4th. On the other hand, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 1% to 3,221, ending a 12-session winning streak. source: Baltic Exchange
The panamax index, which is most relevant 2 the co, is now 42% higher than its recent rebound bottom last month, a level last seen on 3rd Nov & 6th Jun this year, much higher than then brief 9-year 2240 peak seen in Aug '19 & matching levels not seen since Jul 2010.
The BDI is still 39% below its recent peak compared to the Panamax index which is only 25% below its 26 Oct peak of 4,326. Supramax index is 31% below its 21 Oct peak of 3,628.
Malaysian Bulk Carrier Berhad Upgraded to Overweight
BDI is poised to have a stronger rebound compared to the last rally. Bullish on bulk companies after receiving similar feedback from other industry players.
(MGRC) wallstreetrookie Bought more at RM2.00 yesterday. Holding in my retirement account. I have shares in every account. Holding strong and tight 19/11/2021 9:59 AM
@ipohwhitecoffee when you make money, you were quiet. Now the stock is down. Proceed to blame me? I don't own the entire float of the company. Insiders dumping is not my problem. get your facts straight. One more comment from you, I will sue you and call my lawyers
Hahaha, whatever “fund” wallstreetrookie is working at, avoid avoid avoid. I still remember his deleted outburst when Calvin warned ppl on MGRC, this rookies response is “I tot we’re friends”. I nearly choked on my drinks
No one in the industry makes money from short term price actions. I wanna see his account blow up soon. Probably uses some cheap brokerage with retail accounts.
Dude cannot even hold stocks for more than 1 financial quarter. If this guy actually has perfect trades, he would've been frontrunned by his broker. Absolutely a con artist
All stocks are going down. I understand that everyone is having bad mood. But don't be too condescending alright? Every fund that I know is recording negative returns this quarter. Unless you are some finance genius, don't lie that you are making money in Q4 2021
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MQ Trader 2909 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!
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hantamking
2,509 posts
Posted by hantamking > 2021-12-04 12:01 |
Post removed.Why?