No. of Recommendations: 24
Over the years, Hohum's posts on the shipping sector caused me to make up a Stockcharts portfolio of shipping companies. Yesterday a friend of mine called me to ask what I thought about the big move in EXM, EGLE, & SHIP. I told him it certainly looked like a beginning of a turnaround in the shipping stocks, but that I wouldn't be buying any of those particular companies that he had mentioned.

After the call, I looked at the rest of the charts in that portfolio, selected 7 companies whose charts looked as if there might be some upside, then put those symbols through my spreadsheet. Two companies came back with the strongest spreadsheets that I believe I have ever seen for shipping companies: DSX & VLCCF. I ended up buying some VLCCF just so that I'd have a more personal prod to have me watching that sector a bit more.

I wouldn't have even looked at the sector too much if it hadn't been for HoHums regular posting of updates and thoughts for that sector.

So, Thanks Hohum!

Oh, and BTW, if you have a list of the symbols you follow in that sector, I'd appreciate it if you would post them so I can add any I don't already have to that portfolio for future reviews.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.