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...
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...