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Shipping stocks (GNK +4.6%) soar as news out of China on steel and iron prices has traders...

Shipping stocks (GNK +4.6%) soar as news out of China on steel and iron prices has traders making bets on select names. Advancers: DRYS +6.8%, PRGN +10.4%, EXM +12.8%, GNK +6.5%, FRO +3.1%, OSG +3.6%.
Comments (4)
  • Now square this with the BHP comments at 9:44 AM.
    19 Sep 2012, 10:20 AM Reply Like
  • you mean it doesn't add up lol?
    19 Sep 2012, 10:27 AM Reply Like
  • as in it was bad enough that I was ignorant; now I'm ignorant and confused!
    19 Sep 2012, 10:51 AM Reply Like
  • Interesting to see EXM up 30% something today.

     

    But the BDI has not moved much. Continue to watch. There will still be good buying opportunities. Do not rush to buy. The shipping sector turn around takes much more than some policy change in China.
    19 Sep 2012, 01:47 PM Reply Like
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