Friday, January 18, 2008

Maybulk And The Baltic Index

Thought I do a posting highlighting the impact on the Baltic Index on Maybulk ( See Update on the Baltic Index posting this morning )

The following is the chart of Maybulk done on Jan 8th 2008.

Compared that to the current chart of Maybulk. ( Screenshot taken moments ago)


Pretty ugly, right? Maybulk is now at 3.94 compared to 4.42 a few days ago!

Let me say this... if I am interested in this stock or sector, I probably better NOT discount what the Baltic Index is suggesting to me!