$ZIM Long - Profitable Q1 in sight
Haven't looked at
ZIM
for some time but entered a small position at $9.60 and added this morning at $11.00. looking for 3 targets up to golden zone if pressure on freight rates continue due to Red Sea and Suez Canal issues. Spot rates are in a profitable area for carriers, especially carriers with ZIM's low overhead and there are multiple GRI's, PSS, and Emergency surcharges coming down the pipe for Q1.
Timeline: Looking to get this done no later than end of March due to Reverse Repo market likely drained to zero by then, which is when I will be exiting markets or at least getting in best defensive position for a hard landing.
ZIM
for some time but entered a small position at $9.60 and added this morning at $11.00. looking for 3 targets up to golden zone if pressure on freight rates continue due to Red Sea and Suez Canal issues. Spot rates are in a profitable area for carriers, especially carriers with ZIM's low overhead and there are multiple GRI's, PSS, and Emergency surcharges coming down the pipe for Q1. Timeline: Looking to get this done no later than end of March due to Reverse Repo market likely drained to zero by then, which is when I will be exiting markets or at least getting in best defensive position for a hard landing.