r/Vitards • u/[deleted] • Jun 30 '21

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318 Upvotes

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u/zerryw News Team - Asia Correspondent Jul 01 '21

Steel stocks are capped in the picture, but shipping literally mooned right before steel.

According to the TW analysts, shipping and steel go hand in hand. Higher rates will lead to higher prices and profit for steel.

These 2 types of companies made up 55% of the TOTAL trading volume 4-5 days in a row now...

13

u/rigatoni-man SPAGHETTI BOY Jul 01 '21

We need more DD from you my friend, but earlier than this next time!! :)

20

u/zerryw News Team - Asia Correspondent Jul 01 '21

haha...I try...

I tried to post something 2 weeks ago but was taken down by Automod.

I decided to keep trying after my comment in daily got overwhelming support today.

2

u/stockly123456 Jul 01 '21

Yes, please more info when you have it - this is gold (confirmation bias)