I'll tell you about a failure, I sold XOM at 36.
$ZIM Integrated Shipping (ZIM.US)$ Started bottom fishing XOM at 40, the second entry was at 35. Total of 400 shares. 36 was actually the entry point for the second buy, but stopped out. XOM is at 120 today.
Cyclical stocks, institutions will chase high and low prices unbelievably.
Warning ⚠️, the economy is still in recession, at least until the end of the year for a rebound, so institutions will continue to cut losses. Just buy slowly.
Shipping seems like a bad business on Wall Street, because a ship will be used for 15 to 20 years, spanning 2 economic cycles. If it sinks, collides, gets hijacked, causes a liability incident, and the containers sell for little in auction, general average effect is limited. ESG requirements force old ships to be decommissioned early. So...Star Bulk is the lease crazy. Now airlines also mainly lease planes, selling ownership to financial institutions. The responsibilities with planes are different, have to compensate if they crash, many maritime laws are hereditary exemptions...Either the shipowner takes responsibility, leasing a ship is high operating cost, but otherwise quite safe.
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CFA, FRM, P-Quant。然而自己投资并不量化…个人投资观点，不代表供职的银行或客户（反正我看不到）。不提供投资建议。
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狗先生的养老金 : If I don't become 16, I'll buy 100 shares and fall below 20 and I'll sell 50%
勇敢韭韭不怕困难 : I bought a lithium mine during COVID-19, code PREM, Africa No.1 Mining Co., Ltd. It increased 185% this year and 1500% in 3 years.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
However, it was sold a long time ago... I broke my thigh.
李创煌 : The stock price will fluctuate all the way during the period when you can buy it. You need to keep a calm mind to hold it steady and persevere
QMengColdJoke OP 勇敢韭韭不怕困难 : I also bought ADM, MOS, and STLD quite a while ago, but I made a small amount of money and ran away; now they are all over double the price I bought. However, a heavy inventory of TSN costs 77, and it's a fatal accident...
勇敢韭韭不怕困难 QMengColdJoke OP : I found out that all of these you bought have cyclical properties, meat, mines, shipping, semiconductors.
But everyone has their own preferences.
There are only two methods for our retail investors to deal with institutions: fixed investment or long-term holdings.
If you live long enough in good physical and mental health, the winner is in the end.