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Message: Shippers

With the resource sector in apparent consolidation mode, I'm looking at other sectors. A lot of sectors are seriously overbought, so I don't want to get in at this time, but the shipping sector is just breaking out of a really nice basing pattern. Check out SEA - the shipping ETF.

This morning I bought EGLE, DHT, & TNK. Almost every stock in the sector is up today (most were up yesterday, too).

I'm looking to buy more on pullbacks.

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