Saturday, January 26, 2008
The Cape Panamex Handy Index Falls
Something is wrong. I invested a lot, a lot, in Israel Corporation, based on the concept that it was about to list its ZIM dry shipping company on the Singapur or Hang Seng market, since there was a window of higher shipping prices till 2010. But the Baltic Dry Index, shows a surprising collapse. In the pic the Daily Chart For Cape/Panamax/Handy (4 TC AVERAGE Values = The Average Value of the Four Main Shipping Routes applicable for each of the 3 types of Ships. BDI=The Weighted Composite Index of BCI/BPI/BHMI). Israel Corporation is 15 - 20 % below the average of my purchase price. After my Brent Oil Put Options failure, yet another mistake?