Scorpio Tankers Added to the SMA Portfolio

By on February 21, 2020

STNGFears of a worldwide economic slowdown due to the Coronavirus has caused underperformance in shipping related equities. This weakness should be transitory. Therefore, I’ve decided to initiate a position in Scorpio Tankers (STNG) in the SMA Portfolio.

STNG was purchased today at $20.20 and respresents a weighting of approximately 1.2% of the portfolio.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Information presented is based on analysis of past data and assessments by the Tactical Timing System model. Future performance may not reflect past performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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