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Jimmyza
May 14, 2020 1:05 PM

Still bagholding over here Long

Scorpio Tankers Inc.NYSE

Description

Take what I say for a grain of salt on this one. I am still bagholding hard on this one but we finally broke out of resistance and q2 results will look great. Also the dividend won't hurt anything this month. Wish me luck and probably don't listen to me on this one! In my defense I did say 6 month hold :)

Comment

We are still on that bottom support so my bags are holding up! I cut a hole in that bag if the bottom support falls!
Comments
IAmSpoli
I don't think we will see $30 until 2021. Oh well
Jimmyza
@IAmSpoli, I have been saying this will be at least a 6 month trade from the beginning but it definitely has been harder than expected. I am liking that it is holding up with the bottom support nicely. Oil glut is not going away and would not be surprised to see another contango in the next few months. Especially if the virus slows the openings...
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