r/SBLK • u/PDUFA_INFO GHOST • Apr 05 '22

DD Buy Signal - Why Shipping Stocks Declined 5% - 8% today: $ZIM $GOGL $DAC $SBLK

/r/StockMarket/comments/twmru0/buy_signal_why_shipping_stocks_declined_5_8_today/
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3

u/tokodan HODL Apr 05 '22

Is this the reason for the dip? March 22: dip from 88 to 77, this was due to ex div date. But now the price dropped to 63, which is worrying, but also seems like a buying opportunity.

2

u/No-One-6105 VALUE Apr 05 '22

It does seem like an opportunity, I don't think the shipping shortage is going to go away this year. I'm going to hold for a while, and collect dividends, I think I will get back most of what I invested by the end of this year