NOL is getting overpriced as it has sped ahead of fundamentals which is driven by market sentiment.
Looking back at the 12th Global Liner Shipping Conference in London in April 2010, Maersk, the world's largest container shipping company, predicted that 2010 freight rates would only reach break-even level at best on the back of a slow recovery in demand and it would only be making a modest profit for the year of 2010.
Therefore, how would the world economy recover so much in a span of just 2 weeks and propel NOL's shares to surge higher?
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