IAmSpoli

More downside, unless ER Beats

Long
NYSE:STNG   Scorpio Tankers Inc.
I don't hold shares but see this as a good area to start accumulating. Overall market sentiment is continued bearish, but looks like a base was formed and it's beginning to move up. I can see this hitting 24s for support and going back to 30s loner term. I expect ER to beat so might enter on 7/30, but likely won't. Chart shows HUGE upside on pattern, talking 5-10 year could be 200-400% ROI if rates continue to improve.
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