Shipping companies have been SOARING for months. Just take a look at the "percentage gainers" list for any of the recent weeks. The stocks are up huge percentages this year. Try DRYS or OSG for starters. SEB, on the other hand, has gone nowhere.
Oh, you say, SEB is a Pork company not a shipping company?
Last I looked, TSN was at its 52-week high recently. SEB, on the other hand, is stinkin up the place, as we used to say. (Ahem, apparently, I syill do.).
So, the question is: WHY?
BTW, SEB was mentioned in a WSJ article today by Herb Greenberg as among a select group of companies for whom "no comment" is the standard response to everything. Ash Grove Cement also was mentioned.
Relax. SEB has doubled here. Notice the strong buy in at $2200. Shorts/hedge funds want your shres. They hope those who day trade will flip them. Me, I just add. I hope for another double in two years...