$ZIM Integrated Shipping(ZIM.US)$ 40 starts copying XOM at the bottom, and the second one is 35 in. A total of 400 shares. 36 is actually the second point I bought, and the loss was stopped. Today XOM 120.
In strong cyclical stocks, institutions will chase the rise and fall, leading to unbelievably low and high prices.
Warning ⚠️, the economy is still in recession, and the rebound will be at least until the end of the year, so institutions will continue to cut meat. Just buy it slowly.
Shipping seems like a bad business on Wall Street because a boat takes 15 to 20 years, spanning 2 economic cycles. If it were to crash, be robbed by pirates, and the liability accident was withheld, because the container auction doesn't sell for much money, the joint maritime damage actually has limited effect. ESG requirements led to the forced early decommissioning and dismantling of old ships. So... Ester is a long-term charter freak. Currently, airlines also mainly rent aircraft for long periods of time, and the property rights are sold to financial institutions. Unlike whether an airplane is responsible or not, and you have to pay for it if it falls, much of the law of the sea is an ancestral exemption... or the actual shipowner bears it. Chartering a boat is expensive to operate; everything else is very safe