UPDATE: SOLD OUT OF FRO AND OSG FOR A 2% LOSS EACH AS DOWNGRADES HIT OIL SHIPPERS. ULTIMATELY FRO AND OSG WILL BE GREAT INVESTMENTS. THE TRICK IS TO SET A DATE ON THE WORD 'ULTIMATELY'. SIDELINES FOR NOW IN OIL SHIPPERS.
Subscribers to Guerilla Stock Trading.com already know that we had a very good week last week with our Smartphone Portfolio stocks popping. We have taken profits in both IMMR and RIMM and are waiting for a Fib. retracement so we can do it again.
There's another portfolio of stocks that every trader should have right now and that is a Oil Shipper portfolio.
So here's the way sector rotation works. In a Recession, demand for oil drops and Oil Shippers get hit. In a recovery, demand for oil begins to rise and so do Oil Shippers.
The market is just starting to recover from record low oil demand during the recession.
The two stocks I like are Frontline Ltd. (FRO) and Overseas Shipholding Group Inc. (OSG).
What I have been waiting for are signs that institutional traders are buying in the Oil Shippers sector as a sign that sector rotation is underway.
I got that confirmation was last week between Wednesday's (March 10th, 2010) close and Thursday's opening where we saw the shipping spot rate improve as well as a gap up for the entire Oil Shipping sector.
Front line (FRO) is tied to the spot price for shipping and Overseas Shipholding (OSG) derives more of its income from time shares shipping which makes it less volatile to daily shipping rates.
I like both of these companies and if you follow my Tweets you know I purchased both last week.
We continue to wait for a short term retracement in IMMR and RIMM.
UPDATE: SOLD OUT OF FRO AND OSG FOR A 2% LOSS EACH AS DOWNGRADES HIT OIL SHIPPERS. ULTIMATELY FRO AND OSG WILL BE GREAT INVESTMENTS. THE TRICK IS TO SET A DATE ON THE WORD 'ULTIMATELY'. SIDELINES FOR NOW IN OIL SHIPPERS.
Subscribers to Guerilla Stock Trading.com already know that we had a very good week last week with our Smartphone Portfolio stocks popping. We have taken profits in both IMMR and RIMM and are waiting for a Fib. retracement so we can do it again.
There's another portfolio of stocks that every trader should have right now and that is a Oil Shipper portfolio.
So here's the way sector rotation works. In a Recession, demand for oil drops and Oil Shippers get hit. In a recovery, demand for oil begins to rise and so do Oil Shippers.
The market is just starting to recover from record low oil demand during the recession.
The two stocks I like are Frontline Ltd. (FRO) and Overseas Shipholding Group Inc. (OSG).
What I have been waiting for are signs that institutional traders are buying in the Oil Shippers sector as a sign that sector rotation is underway.
I got that confirmation was last week between Wednesday's (March 10th, 2010) close and Thursday's opening where we saw the shipping spot rate improve as well as a gap up for the entire Oil Shipping sector.
Front line (FRO) is tied to the spot price for shipping and Overseas Shipholding (OSG) derives more of its income from time shares shipping which makes it less volatile to daily shipping rates.
I like both of these companies and if you follow my Tweets you know I purchased both last week.
We continue to wait for a short term retracement in IMMR and RIMM.
UPDATE: SOLD OUT OF FRO AND OSG FOR A 2% LOSS EACH AS DOWNGRADES HIT OIL SHIPPERS. ULTIMATELY FRO AND OSG WILL BE GREAT INVESTMENTS. THE TRICK IS TO SET A DATE ON THE WORD 'ULTIMATELY'. SIDELINES FOR NOW IN OIL SHIPPERS.
Subscribers to Guerilla Stock Trading.com already know that we had a very good week last week with our Smartphone Portfolio stocks popping. We have taken profits in both IMMR and RIMM and are waiting for a Fib. retracement so we can do it again.
There's another portfolio of stocks that every trader should have right now and that is a Oil Shipper portfolio.
So here's the way sector rotation works. In a Recession, demand for oil drops and Oil Shippers get hit. In a recovery, demand for oil begins to rise and so do Oil Shippers.
The market is just starting to recover from record low oil demand during the recession.
The two stocks I like are Frontline Ltd. (FRO) and Overseas Shipholding Group Inc. (OSG).
What I have been waiting for are signs that institutional traders are buying in the Oil Shippers sector as a sign that sector rotation is underway.
I got that confirmation was last week between Wednesday's (March 10th, 2010) close and Thursday's opening where we saw the shipping spot rate improve as well as a gap up for the entire Oil Shipping sector.
Front line (FRO) is tied to the spot price for shipping and Overseas Shipholding (OSG) derives more of its income from time shares shipping which makes it less volatile to daily shipping rates.
I like both of these companies and if you follow my Tweets you know I purchased both last week.
We continue to wait for a short term retracement in IMMR and RIMM.
Stocks Above I Currently Hold In My Own Trading Account: Long LIFE
Guerilla Trader Quote
“An industry analyst or company manager who sounds like he or she knows the inside scoop has ulterior motives. In fact, these people are sometimes the worst ones to use as your source of information. Believe only the facts, not the opinions.”
Copyright 2009-2011 GuerillaStockTrading.com All rights reserved. No part or article on this website may be copied or duplicated without written consent from GuerillaStockTrading.com and Confab Publishing. Disclaimer: This Web site is designed to provide accurate and authoritative information on the subject of personal finances. It is provided with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services by providing this Web site. The authors and publisher shall not be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential or other damages. As each individual situation is unique, questions relevant to personal finances and specific to the individual should be addressed to an appropriate professional to ensure that the situation has been carefully and appropriately evaluated. This blog is for information and entertainment purposes only. Under no circumstances does this information represent a recommendation to buy or sell securities or any other type of investment instruments. See a licensed broker for investment advice.
Guerilla Stock Trading University