I was too anxious and everything was already too expensive for me to buy more. But it was actually clear that the US/Iran conflict would escalate.
It was clear that shipping stocks - especially tanker stocks - would rise due to the longer route around Africa and the associated higher revenues.
It was clear that oil producers outside the Gulf region would rise, as oil transports through the Persian Gulf would be blocked for the time being and the oil price would rise as a result.
My shipping companies $TRMD A (-3.76%) , $WAWI (-0.08%) and $MPCC (-1.36%) are well up today. Petroleo Brasileiro $PETR4 (-0.39%) is well up.
Why hadn't I bought more shares in all of them and why are these four companies among the smaller positions in my portfolio?
Because I was too anxious and too hesitant. Crap!
