/biz/ - Business & Finance

I keep all my money on coinbase and have never lost a single sat

>>18619948
>>18619928
Yeah, it's a short play, timing is key, and I don't mind giving you advice, I'm holding FRO, TNK, TK, and STNG, if you throw more money at my positions it can only help me.

Depending on the contracts the tanker companies strike strike, they will make solid money on rents, and will make money again on profit sharing when they unload. Once that happens, you'll see a quick spike but the play will be over and they'll dive like a goddamned stuka (they're the most expensive form of storage and will be emptied first) and leave a lot of sheep holding bags. With algos aggravating the problem, this will happen extremely quickly; if they don't do the same thing next month you may not have time to react if you don't have the buffer of the last two months built in

Many tanker companies are trading on their yearly highs now, so the sure thing is over, you missed that boat (no pun intended). If you want to get in now, you're essentially betting on futures tanking for at least a few months. I'd say it's a pretty good bet, but it's not without significant risk. A war, a therapy, a vaccine, further production cuts, or all of the above in some form or another could put oil right back on track, a lot can happen in the weeks these deals need to mature.

If you want hop in and take risk, watch June futures, trading closes in the third week of May. If all goes steady, sit back and enjoy your gains. However, if Brent futures don't shit the bed again approaching the last day of trading, watch your tankers like a hawk and dump them the MOMENT they stall.

>>18285761
>Governments and private industry negotiating to set prices
>"free" market