Read on Twitter
4 weeks ago my twitter feed was packed with tanker bulls, posting every day a myriad of articles, analysis, excel sheets. Now the stocks dropped 30% and everybody’s gone, including the biggest bulls
$stng $dgt $eurn #tankers
$stng $dgt $eurn #tankers
What happened to the thesis? What happened to the “new super cycle”? It feels that because people didn’t get rich in 4 weeks then there is no need sticking around.
I mean I understand the volatility was tough to handle. It sucks to see your portfolio lagging when QQQ is crushing it. But that’s the price to pay when investing in an extremely asymmetrical trade.
I remember people saying they had 150% of their portfolio in this trade. Now those guys are gone and probably got wiped out/spooked out. Those people thought that trade was for sure and gave up any idea of position sizing and risk management
How can people expect a 12 year bear market to turn around in a matter of a few weeks? It might take months or years for this trade to materialize!!!!!
The tanker thesis was here since early 2019, and is still true today. I’m down a lot on my tankers yes, but as long as the thesis is valid, I’m going nowhere. Now stop looking at daily rates, stop looking at every article about tankers and what they might do. Focus on the thesis
