Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI)
CAPS Rating:
A petrochemical company. Its major product areas are synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products.
A petrochemical company. Its major product areas are synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products.
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With its wide variety of products, especially Acrylonitrile, a major petrochemical in Carbon fiber, carbon carbon, and the like, along with a growing need to figure out more efficient uses for petroleum, that this company will have an innovative and fruitful several years.
Im long this stock and my profits just went from $5k to $3k in one day(caps game disclosure).
5.4% pull back in one day. Would you add to your position here, and if so how much (by percentage?)?