Monday, April 21, 2008

Shipping Watch

Shipping stocks may be on the move again. Maybulk looks like continuing the uptrend. Unfortunately, no warrant to play.

I'm more interested in MISC. Oil tanker rates are going up again. US oil tanker stocks has started to move. Will MISC follows? They have the 2nd largest fleet in the world. MISC has tricked me a few times, so I'm a little bit cautious in getting in.

Oil tanker market report can be obtained here.

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