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Re: Market reaction to Katrina.
Old 09-01-2005, 09:29 AM   #21
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Re: Market reaction to Katrina.

Stock question: I'm thinking corn here. Lots of product coming down the Mississipi by barge and then shipped out of NO. Just spent some time looking for a barge company to short. No shipping facilities in NO, no product leaves, no barges get used up river. (Maybe I should be positive and buy a railroad stock.) Help. Anyone know of a barge/frieght company that might . . . help me pay for $4 gas?

--Greg
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Re: Market reaction to Katrina.
Old 09-01-2005, 09:38 AM   #22
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Re: Market reaction to Katrina.

Quote:
Originally Posted by Apocalypse . . .um . . .SOON
Stock question:* I'm thinking corn here.* Lots of product coming down the Mississipi* by barge and then shipped out of NO.* Just spent some time looking for a barge company to short.* No shipping facilities in NO, no product leaves, no barges get used up river.* (Maybe I should be positive and buy a railroad stock.)* Help.* Anyone know of a barge/frieght company that might . . . help me pay for $4 gas?

--Greg
If anything, shipping companies will do well. Chaos in the ports tends to increase congestion and therefore reduces shipping capacity. Less capacity with continued high demand means that charter rates go up. I would not be shorting shippers here.

Short anyone who depends heavily on low end consumers if you want to short.
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Re: Market reaction to Katrina.
Old 09-01-2005, 11:22 AM   #23
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Re: Market reaction to Katrina.

I don't think I would do many trades just based on Katrina. Forces you to chase hot money.
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