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...
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