Wednesday 22 February 2012

Cosco Corporation - SGX

Cosco Corporation - SGX - COT Proxy

Cosco is involved in marine engineering and dry bulk shipping. Prices are edging higher from the low in November 2011. Will the optimism in the economy lift marine and shipping stocks? Usually these industries are used as a barometer for the economy as a whole. The commercials are still net short however their numbers are decreasing. Waiting for the time for them to be net long. But do take note that the commercials can come late into the game!

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