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Syria says it accepted Russian weapons proposal
yup i'm waiting. cheers!!
Tomique ( Date: 10-Sep-2013 12:19) Posted:
Hoping that by next week, we can see 1.200. Cheers!!
Peter_Pan ( Date: 10-Sep-2013 12:05) Posted:
nol bounced from support yesterday
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by the way BDI surge 126 pt to 1456 soon container freight spot rate would follow suit. The global growth is returning and transporting rate all rebounding from multi-years low. NOL investors hold onto ur shares for 6 more months then ur durian is ripe for makan.
yes sir....Europ is higher and Dow future is higher as well..
seems like Obama found a way out for the Syria and all thanks to Russia...
cheong ah !
sgng123 ( Date: 10-Sep-2013 16:25) Posted:
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when Syria crisis is resolved, u going to see 1.20 soon. It might be over this week since Russia push out a plan to yield chemical weapons in Syria to UN in exchange for US not attacking it even Obama is open to the idea. Fed tapering next week just a smoke screen, when tapering detail become more clear market would recover. In short uncertainty is what caused market to crash and not bad news. |
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when Syria crisis is resolved, u going to see 1.20 soon. It might be over this week since Russia push out a plan to yield chemical weapons in Syria to UN in exchange for US not attacking it even Obama is open to the idea. Fed tapering next week just a smoke screen, when tapering detail become more clear market would recover. In short uncertainty is what caused market to crash and not bad news.
Hoping that by next week, we can see 1.200. Cheers!!
Peter_Pan ( Date: 10-Sep-2013 12:05) Posted:
nol bounced from support yesterday
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nol bounced from support yesterday
China Aug trade data better than expected with export beating expectation while import below expectation. BDI also surges 72 to 1350+ as price for transporting commodities rise. All this might support ship price with gain capped by Syria standoff and Fed tapering. Sep GRI failure meaning liners had to do some serious capacity reduction in coming months to stop slide of spot rate. Just need to endure for 2 more weeks for Syria crisis and tapering uncertainties to wear off then ship should move north as global economies heating up. China export data earliest indication of improving trade data, soon global PMI and spot freight rate would follow lead.
US job report data out and only 169K generated what is worse is july job data got revised downed sharply by 50K. US market future up 60+ and gold all climbing up, bond interest retreat. Guess the Sep tapering by Fed is off, let see how the US market performed might see a relief rally due to delayed fed tapering fear.
gona wait a bit for tonight US job data, once the economy is set on sustainable path to growth ship would recover to pre-recession price zone.
Already bottom..only way is up .. Just a matter of time
sgng123 ( Date: 06-Sep-2013 10:38) Posted:
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If ship can hold onto gain made yesterday then be prepared for further upside movement provided later US job data exceed economist estimation of 180K jobs. Maybe finally after 3 years of slum, economy recovering this time is for real. |
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If ship can hold onto gain made yesterday then be prepared for further upside movement provided later US job data exceed economist estimation of 180K jobs. Maybe finally after 3 years of slum, economy recovering this time is for real.
don bother about those bank brokerages rating, they also trying to get cheap cheap shares from scared retail investors. With the US and Europe economy taking the lead from emerging countries in growth, there would be a recovery in demand for manufacturing good next year. Bank brokerages are all con men in disguise, giving self benefiting rating only. Rely on official growth data is more reliable than third rated brokerage rating.
At its dbAccess corporate roadshow, management cited that the demand of the traditional 3Q peak season has been mild. Capacity management by the industry helped rates pick up in July but they have started to weaken slightly. 4Q should see rates and volume softening as is often the case. Assuming global growth does not collapse in 2014, they expect a slightly better environment for the industry because they see supply growth decreasing slightly in 2014. Management has not ruled out placing orders for the 18k TEU vessels, depending on its view of the future operating environment. NOL continues on the second year of its US$500m target of cost savings per year, having achieved US$240m in 1H13. DB maintains its HOLD rating with TP $1.14 based on 0.9x 2013 P/B.
US jobless claim improved pointed to better job data tomorrow. US ISM also beat estimate and big jump in service employment. If Friday job data exceed expectation, might see ship continue upward trend due to investors piling up on better earning for ship due to better economy. Tomorrow ship might go up but gain might be limited due to uncertain global issues.
will the momentum still be there tomorrow? possible to climb further?
Nice profits. Good run today. Look to enter again.
Nice
Yes
trade
ascend88 ( Date: 05-Sep-2013 19:48) Posted:
Shipping is transportation isn't it
CSH123 ( Date: 05-Sep-2013 16:37) Posted:
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