Top & Bottom 5 Day:
EGLE @1.76 (+18.12%), SFL
@15.66 (+18.01%), SHIP @3.97 (+16.76%) >>>
SB @6.88 (-4.58%), PRGN
@0.85 (-5.56%), GLBS
@5.34 (-6.97%).
The alert for ESEA
traded flat gaining around 2.5% on the week, and this week produces zero Top
& Bottom 5 Day Alerts as we have no repeat performers. We had expected GLBS to be among the laggards last
week after an impressive run but that did not materialize until this week. Timing…like
luck… is everything sometimes!
The Baltic Exchange:
BDI =866 up 5.10%, BCI =1475 down 1.86%, BPI =957 up 7.65%,
BSI =937 up 8.45%, BHSI =500 up 6.61%. The
story line this week has been the 3 smaller classes making some headway but not the Capes . I wonder if we can call them like we see them…Ore
Whores!
The Fixtures:
Best done period vs. spot;
Capes: YURITAMOU 4-8 MOS $12,300 vs. $5,474
PMax: D. Prosperity 4-6 MOS $10,500
vs. $7,664
SMax: Beks Senk 4-6 MOS $11,900
vs. $9,802
None smaller than SMax.
The Vessels:
VLOC =0, Capes =24, Post P
=5, KMax =17, PMax =42, SMax =34, HMax =4,
HSize =4, Bulkers =4, total =134.
Ski Notes: Without wanting to pick on any particular
company I have been openly critical of EGLE near term and further out. The
shares of EGLE rose more than any other company in the dry bulk universe this
week gaining an impressive 18%. It
is clear to me how much the market values my inputs. We will see over the course of the next few
months just how wrong going Long on EGLE
will be.
This of course is only the opinion of us folks
@ Dry Bits and should not be misconstrued as investment advice.
Good Fortunes
Ski
No comments:
Post a Comment