What is the short-term prospect for Mercator Lines?

[gauharjk]

What do you guys think about the short term prospects of the Shipping Industry on the whole? and Mercator Lines in particular?

I had researched Mercator lines before buying it... I read Baltic Dry Index has increased the fastest in 20 years. And yesterday, people were in a frenzy buying Mercator Lines.

So, I bought a huge quantity of shares... @ the rate of 31.80 per share...

But I could not get out today. I had hoped for the continuation of the rally. But nothing much happened...

What can I expect from this stock in the next week? DO you guys think there will be a rally if Obama passes the US Economic Stimulation Bill? Or the Chinese Govt passes the Economic Stimulation bill?

What should I do?

I am a novice and really goofed up today...

 

[OneBull]

If it falls on Monday, book your losses unless u r long term investor.

Even if it goes up on Monday sell partly every 20-30 minutes

 

[kkseal]

Hang on as long as it does not break 29.

 

[gauharjk]

The Stock closed today at 30.80

I am still holding on to it... BDI Index increased another 9% today. It is recovering at a rapid pace. Its at 1682 today, up from around 793 about a month ago...

Lets wait and watch...

 

[sudoku1]

MLL

resistance for 2day > 32.5 @ close..

support >>> NIL

 

[gauharjk]

MLL

resistance for 2day > 32.5 @ close..

support >>> NIL

Thank you for the tip... It made a high of 32.90 today and then came down rapidly...