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I love diana shipping and their balance sheet but I think it will move lower. The BDI has climbed for 2 weeks straight and we are still flat lined. I did some more digging on the historical chart and December is notorious for the BDI and shipping moving down -- I'm not sure why but it seems there are no buyers left in this market. I just know the eventually the BDI will reverse and when that happens we are in trouble.
Sentiment :
Hold
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