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Investments #47/364

Added my weekly $220, and added more shares of TORM ( $Torm (TRMD.US)$ ) for the reasons stated in my previous post. Market price is below NAV value + I think the Company will start buy back program soon to purchase their shares at such cheap price. Market outlook for product tankers is positive.
Investments #47/364
Investments #47/364
Investments #47/364
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  • RandomTrader_ : Oil prices has been going down which means shipping will also take a hit which it currently is. Setting aside the high dividend %, what is a good motive to buy more of this stock?

  • PhotoSynth : I think the bottom may well be in now……. A 5-1/2% move up in the face of no news, and shorts that have been pretty aggressive in keeping the market trending sharply downward,,there’s just something else going on I don’t know about, Additionally;. I also saw a huge order come in just after the close from Friday. The only other piece of fluff is the fact that Trump said he’s planning on retaking the Panama Canal back from Panama despite an international agreement that the Canal was handed over to Panama some years ago. This would be an international violation of the UN charter in seizure of what is definitively a sovereign country’s territory which would be an act of war…… Boy this sounds familiar..     Nonetheless, for now, TORM appears to have made a turn with some gusto. Let’s see what the market has to say……
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Common sense investor. I invest in companies which can give return of 15% on my investment + FCF to double my investment
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