Monday, September 22, 2008

Shippers: not bad, but not good

Shipping rates have flattened out. But they are back to where they were 2 years ago. I would love to get bullish here because these stocks can make so much $$ for you, but the truth is that it does not look so great. It looks like this 'bubble' has burst and it is time to move on. I will however keep a close eye on the chart, just in case! If the rates can form a bottom here and move up, the future of the shippers should be much better. DRYS, EXM, GNK, TBSI.