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TBSI breaking out as i type
- Thread starter razor99
- Start date
Holy sh*t, I was looking at this shipper back when it was 5 bucks.
Get rid of half the chart and see just how good it looked back then.
Get rid of half the chart and see just how good it looked back then.
Quote from JCBLESS:
You seen this back when it was $5?
Why didn't you buy you 500 shares?
My question to you all that have replied to this post,
IS how do you all go about Screening the Markets?
What has worked, and not work...
Just would like to hear from you all...
Was looking at TOPT, which was in play at the time, did not like it, started checking out the sector, found TBSI.
Looked great fundamentally but the chart was a solid downtrend. I chose not to buy it because it's a shipper and I had little understanding of that sector. It's very cyclical and some of these companies don't survive the cycles. That's why the P/Es are generally lower than the market. Month or two later, it breaks the downtrend and takes off.
It's an interesting sector which has gone through transformation due to globalization. All of the transports have.
A record number of ships (newer generation, double hull) are being brought online right now, and shipping rates are beginning to drop.
The run is shipping was yesterday's play, I'm afraid, especially if the U.S. slows as expected, as most shipped goods are completely fungible.
The run is shipping was yesterday's play, I'm afraid, especially if the U.S. slows as expected, as most shipped goods are completely fungible.