Sino-Global Shipping America (SINO)

[value1008]

For shippers, so much will depend on
1) whether mgmt of different companies can resist the urge to overbuild (like they overbuilt several years ago) on these rebounded BDI rates-- b/c if they build too much too soon, then the same supply/demand problem will plummet the sector again; and

2) whether Big Money will come back to this sector in any real strength. Big money players are probably carefully watching factor #1.

Just notice how the three days of huge volume for SINO dried up and price has fallen back down, along with those few-day wonders DCIX and TOPS. (Weird how those two names had multi-bagger moves over their respective 3-day spikes. Too bad the big sellers/dumpers once again cut off any significant up-move for SINO--wouldn't even let it run 50%. Go figure....)

If Big Money is not going to empower a sustained move for the shipping sector, then i don't see any hope for a name like GSL to move up significantly.

Jmo......