We made frens along the way and its a wonder how some frens that you barely understand and only talks abt frivolous stuff rem details abt you tat those whom u hung out for years dun.
My explanation for this : Having a certain gruelling experience together will foster an invisible bond. The scheming dinner appointment with my ex-F4.
Rotational play moving from properties to techs will see it coming back to the shipping industries.
** improving trade traffic in Asia ** China booming economy , higher shipyard dd in China ** Dry baltic rates recovering from 2yr lows
All set to spur global dd for commodities and other gds.
COS sees support abt the 2.43s, higher near channel caps abt the 2.51s b4 2.60s; SMM sees 2.85s support, caps at 2.91s b4 3.02s. Would accumulate names abt these levels for higher.
When the mkt is small, rotational play happens all the time. Just like in the Spore Lesbian Exchange when gfs, put it crudely, just get passed ard. Mine ironically often get passed out aka delisted and relist in another mkt. HA. Anyway, pt being, we need to expand the mkt, more IPOs please or go regional... before some unfaithful listings start placing out shares and screw the ple who have invested in them. Its a dd and ss game here...
Techs helped tipped the scales into the positive region as valuations for names like STAT and UTAC were viewed as attractive after 4 weeks of selloff. US Piper Jaffray ignited the bargain huntung sentiment on laggards, calling STAT a "outperform". However, Techs continue to face pricing pressure and thus smaller revenue improvement despite higher shipments. STI near term caps 2310s. Patience required , awaiting PML's 'renovation' plan to attract 'buyers'
risk and control matrix when the risks are many and the mitigating controls are non detective and merely preventive, its time to drop the one engagement to prevent failing the whole portfolio.