Cargo-Shipping Stocks going bats After Hours.

JesseJamesFinn1 · Nov 11, 2020

Lots of shipping stocks going crazy after EDRY's earnings drove it from $4 to $14(AH). Most are under $5 so its best not to mention or promote them.

ZBZB · Nov 11, 2020

https://elliottwaveplus.com/elliott-wave-technical-analysis-on-baltic-dry-index-shipping-sector/

actually hurst cycles.

SunTrader · Nov 11, 2020

I must be looking at the wrong Baltic Dry Index (which even today continued to drop) - and nothing EW related to speak of near term horizon. Maybe those earnings change things starting tomorrow

:-

fan27 · Nov 11, 2020

I work IT for one of the largest freight brokerages in the US and business is absolutely booming!

Cabin111 · Nov 11, 2020

I bought this before the election...Am doing pretty so far.

It did nothing in after hours...But it is more Pacific (Guam/Alaska) than Asia.

https://finance.yahoo.com/quote/MATX?p=MATX

HeSaidSheSaid · Nov 11, 2020

CSX! is it too late?

LanceJ · Nov 11, 2020

IYT has been jumping. Everything above $205 seems bullish to me.
Stay long CSX above $80

maxinger · Nov 12, 2020

EDRY - for months, it hardly moves

CSX and IYT
as with most other stocks, they have gone up since Apr 2020.

SunTrader · Nov 12, 2020

fan27 said:
I work IT for one of the largest freight brokerages in the US and business is absolutely booming!

For how long now has it been booming?

Shipping is historically known to have great booms and greats busts over long periods of time.

SunTrader · Nov 12, 2020

This is just from a few days ago:-

K Line Sees Delay in Shipping Markets’ Recovery as Second Wave of COVID-19 Strikes Hard

https://www.hellenicshippingnews.co...very-as-second-wave-of-covid-19-strikes-hard/