Many analysts on TV are now recommending shipping stocks like GESHIP

Many famous analysts on TV are now talking of the Baltic Dry Index and recommending shipping stocks based on the same. And the shipping stocks have been doing well for a few weeks.

 

2 months back, these same people were mentioning further cuts for the Baltic Dry index and telling that shipping industry future for the next 1 year is dim.

 

AND THIS IS WHAT POWERFULPICKS HAD SAID 2-3 MONTHS BACK: Baltic Dry Index will rebound at 1700, stabilize, not fall further and in fact will climb back to 2800 by end of this year. Currently BDI is around 2650-2700. GE SHIP recommended at 299 on July 8th, when no analyst was calling on it. It touched 368.4 today, up by 23% in less than 3 months. Note below has the details.

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From: POWERFULPICKS Sent: Wednesday, September 08, 2010 6:14 AM

Subject: [pp] Baltic Dry Index and GE Shipping

 

The Baltic dry index one of the thermometers to measure the global health. In 2010 June and July, it was going down almost every week and analysts were advising to avoid shipping stocks completely. However, I had predicted a rebound of the BDI around 1700 and in fact, in a later post around July 19th, I had written exactly this: "The Baltic Dry Index is stabilizing and I do not expect it to fall further below and in fact, I expect it to climb back to 2800 by end of this year. Which spells for shipping stocks".

 

At that time, it had seemed to be quite crazy to make such a statement; however, everyone knows what happened to Baltic Dry Index after that. In just 2 months, it rose by a WHOPPING 71%, reaching and surpassing my target. See attached picture.

 

I had called on GE SHIP to be entered at 299 and this is moving as I had foreseen. Can still be picked up on dips to 300-305. 
Moderator, PP