This wave in oil and oil shipping is really something to behold. $CNOOC(00883.HK) and $COSCO SHIP ENGY(01138.HK) have been taking turns hitting new highs recently, pushed by a combination of geopolitics, oil prices, and freight rates. Jumping in now feels like chasing at a peak, but missing out is equally frustrating.
$PETROCHINA(00857.HK) can still ride the hype from a major discovery, while $SINOPEC CORP(00386.HK) has been lackluster, almost like a background character. On the other hand, Asia Satellite Telecom $APT SATELLITE(01045.HK), with its uneventful price movement, is a matter of luck whether to cut losses or not.
For those holding these resource and energy stocks this year, emotions probably change three times a day: fear of a drop, fear of missing out, and fear that the bull run is ending—you really want to just lie flat, but you still can't bring yourself to get off the ride.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
