What do you guys think about the shipping stocks?

[SoyUnGanador]

They have gone waaaaaay up in price. But if you look at the numbers they still seem waaaaay undervalued. Is that because people don't think the shipping shortage is going to last? Thoughts on whether one should be buying these?

Thanks!!!

 

[JackMorgan]

free shipping ?

 

[SoyUnGanador]

LOL, I read its not gone the free route, quite the opposite, like several times what it used to cost. That is why they are making money hands over fists.

 

[murray t turtle]

They have gone waaaaaay up in price. But if you look at the numbers they still seem waaaaay undervalued. Is that because people don't think the shipping shortage is going to last? Thoughts on whether one should be buying these?

Thanks!!!

%%
ZIM looks stronger than FDX;
strong for a single stock .I don't have an opinion on buying it/ but good uptrend.

 

[Global OptionsTrades]

source: https://fbx.freightos.com

Not sure now is the best entry point.

 

[maxinger]

%%
ZIM looks stronger than FDX;
strong for a single stock .I don't have an opinion on buying it/ but good uptrend.

both charts look rather messy / choppy.

 

[murray t turtle]

both charts look rather messy / choppy.

%%
TRUE;
but ZIM is Israel based/ i've made good money with sloppy uptrends like that.
Prefer smoother uptrends or downtrends, myself...........................................................

 

[SoyUnGanador]

Mr. Turtle, bought just a teeny bit of ZIM based on your recommendation. Thanks, I'm up a few dollards already!!!

 

[SoyUnGanador]

Noooooooo! ZIM is down over 10% today! Mr. Turtle expect to get served with a lawsuit soon!!!!

https://finance.yahoo.com/quote/ZIM?p=ZIM&.tsrc=fin-srch

 

[nitrene]

I think rates have peaked. Chart looks like the Lumber chart which has also peaked, for now. ZIM is the meme stock of the shipping industry. It has violent moves. The WSB crowd loves trading it.