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Msg  36237 of 36919  at  10/22/2021 5:37:02 PM  by

keebon

The following message was updated on 10/22/2021 5:39:38 PM.

GLOP

  
GLOP up 14.3% today.  Of course I sold too soon... the RSI was in the mid 80's at the morning's peak and the chance to buy it back came when I wasn't looking.  8% gain on lots bought Wed and Thursday.  
 
Thinking out loud...
Not trying to sell anything, but the shipping action seems unprecedented.  Rates have been high for quite some time.  The top LNG spot rates have now surpassed $200,000/day and crude tankers, after months below breakevens, have turned positive... and with OPEC planning to increase production in November.  The way I look at it, rates have been high for a long time, almost across the board, but timing of charters, etc. means that there is a lot of money that hasn't yet shown up in company reports.  Thus, Q3 and Q4 should be exceptional.  GLOP reports on the 27th and the rest of my list report between Nov 8th and Nov 30th. With ex/div dates falling in mid-Nov to mid-Dec, things look promising.  Lots of buying and some selling for the month so my positions are getting filled, but still have room for more.
 


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Replies
Msg # Subject Author Recs Date Posted
36239 Re: GLOP MarkfromReston 0 10/22/2021 8:55:47 PM
36241 Re: GLOP rlp2451 0 10/22/2021 9:23:31 PM


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