Torm Stock Discussion

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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stderr : If it keeps going lower and the dividend continues,  we'll both own the company in a few years. Up today though

Dato GT OP stderr : Though I’m positive about its long term prospects, short term remains weak. Hope it will rebound soon

kheldarX : wow..heavy downtrend, just looking with the charts. not familiar with the company though.

460autobody : I got a couple contracts for April yesterday hopefully she keeps moving like this

Jwu007 : Very good insights. Thank you.

璃宮杉暁 : Short short short! keep hold it to the

stderr : Isn't it down because major shareholder dumped zillion shares?

PhotoSynth OP stderr : That’s the yellow section at the. End of the chart. This is just one Hedge fund. They did the same thing last year. What happened?…. A massive bounce as you can see on the chart. With all the variables, now turning in the stocks favor, Buying is sure to come in when people start getting burned by the excessive volatility in all the rest of the market and the Trump agenda moves in.

I am 102702622 : Good bet on STM. $30 is coming.

Rysmoo SG :