i posted a while back that we should have a selloff in ships, and someone informed me that tankers were different from dry bulk and dry bulk was in no danger. i think the main thing to note are a few parabolics breaking down - these things were just way ahead of themselves, regardless China India et al. OTOH, I repeat that we are going into a recession, everybody has been building ships and i think the sector is toast for now.
klh
http://stockcharts.c...f,TGP|D|B14,5,9
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Shipping Stocks
Started by
diogenes227
, Oct 30 2007 02:51 PM
23 replies to this topic
#21
Posted 30 October 2007 - 09:08 PM
best,
klh
klh
#22
Posted 30 October 2007 - 09:53 PM
I've been long NM for a while. It's not DRYS but it's worked. I sold about 1/4 of my position today.
#23
Posted 30 October 2007 - 10:45 PM
Who cares about shipping when we got Google. Searching is more important for the economy than shipping. It is the new economy, remember?
Denleo
Yea, Really! Who need manufacturing when we have U-Tube!
We will just import everything and borrow using credit cards.
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#24
Posted 31 October 2007 - 06:47 AM
completely agree with you. Google is a monopoly and nobody can stop them.
Interesting thought. Google MAY be a de facto monopoly. If so, however, they are a benign monopoly.
Then again, I hold that monopolies can only exist if they are beneficial, unless they are using force (or the government is) to keep their position.
M
Mark S Young
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