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Carlos Alemparte
Apr 26, 2024 8:06PM ET
I think shorts are covering today its dangerous position to avoid a mortal short squeeze next months for them: 32 million shared sold short (check marketbeat short positions ), only 94 Millions float (check finviz) . Pacific rates are over 3200$/TEU and stopping thwasgoing down( check Xeneta ). Break even for ZIM ending 2023 was around 1400$/TEU or something so, but going down finishing old contracts from the 2021 boom. For 2025 ZIM will have one of better floats, GNL low cost bunkering and they will reject old float giving back expensive leases from the boom of 2021-2022. ZIM can be a low cost float, fixing prices for shipping profitable (now ZIM can have problems on low prices as that we see at Dec 2023, they rent ships, not owners). Why things can go wrong for smart people resting short the next 2 years? They can pray and trust on over TEU capacity easy idea, that is real, also, but try to wait the short until 2026 or 2027 and keep your hair on head, and money on your account firing. Not spot prices, for rent ships years can be found at Harpex, about 1250$ by TEU now, 800$ at Dec 2023 before huties began the Red Sea party. Know I sleep long on ZIM stock before think what to do. I am interested part on remove money from shorts positions (long from 18 Dec 2023 on ZIM). Q1 and Q2 2024 will be funnny. +50% not enough. 13.5 millions shared moved this friday. Put a high price intraday suddenly, and buy as much as you can to cover the short keeping flat the price. Buy at 10$ , Sell at 20 $, gross mode.
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