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EGLE crossed back above the MA(21)
Heading towards a new breakout around $4.12
EGLE CHART
ANAC may be next
I am out too. I had still had some 2.05's laying around, sounded like a good time to wipe my hands clean.
Just saw this, what makes you think they would declare a dividend in the red? Come join me in SPTN, divi, good flipper and last PR means upcoming $!
EGLE or EGAL? How do you know?
Shipping companies doing well today across the board.
Booyah! Filled and filled, the gap is filled now tooo, we go up!
If the market is crap in the a.m. tomorrow we shouldget a brush with 3.75 I hope, then up.:)
I agree, but I got a little overweight in the low 3/high 2s. Just overly cautious I guess. I may move up the 4.99. The float here is tiny.
I sold a few at 4.16 this a.m., have another sell at 4.98 and holding a bunch long term. Also have a buy back in at 3.76 and 3.51.
Do you see a target price here. I'm hoping atleast $6 plus in couple of weeks.. What do you say?
My 2.90s are looking yummy, better than my 3.95s.?:)
What is funny, I've had a bid in at 2.50 all week. Today it hit 2.51. Figures.
Went ahead and dumped the ole EGLE at the bell this morning, not looking to good around here.
You made the right call alba. I didnt lose 75% of my investment, more like around 15%, and thats when its time to call it quits for now and wait to see what pans out.
I used to flip this thing all the time, then last year I finally lost on a flip. Then this year I'm up almost 100% on it, I'm torn when to buy back in. This thing was volatile with 60m+ shares, now with 15m it should be crazy. I do believe the split was to satisfy the Nasdaq minimum price requirements.
Yup, that darn DOW will do it every time.
EGLE looks like an OTC security, next? how many new shares issued for "goods and services"?
Last divy, 2008. That's when I unloaded.
Yup, the ole EGLE took a beating today for sure. Will have to see if it recovers some tommorrow, company stock is very volitile for sure. Might have to take a loss for now and wait until things settle down some.
I wish I'd been a bit SMARTER. I also sold 1/2 at $3.91 -- but I didn't think we'd be chasing it down, before I could unload the rest. Oh well!!!
Right, on the overeaction to 1-4 R/S panic selloff form folks who do not know what they are doing, or saying for that matter. They just say things to spark a chatter I suppose.
While my first bunch of shares are currently underwater for about 2.7% the lot I bought at 3.35 look pretty good to average out a winning side of a trade/investment.
Glad I am not down 75% as a poster said I must be.
Hmmmm -- my shares INCREASED. I guess the difference is that I bought back in after the RS at $3.45
My shares of EGLE post reverse split have lost 2.39% in value, not as you have claimed:
If you where a long term investor, correct me please, you just lost 75% of your investment.
Excuse me?
Your fundamental knowledge of how a reverse split affects ones position is fundamentally flawed.
No. Not joking. And I am a long term investor here. I had some shares before the split from .94
The share price is adjusted in a reverse split as well as the amount of shares outstanding. So my adjusted cost basis for those shares is 3.76
With Fridays close at 3.69 I am down a few percent from my original investment. With the lot I bought on the 1-4 R/S overeaction at 3.35 I am up in this investment overall.
Your fundamental knowledge of how a reverse split affects ones position is fundamentally flawed. The stock would now have to be trading at around one buck for me to be down 75% in my original investment, and that kind of a nosedive is not likely to occur.
They did the reverse split in the first place to keep their Nasdaq listing intact - Shares in any Nasdaq listed company that fail to consistently close above one buck are subject to delisting. So the company wisely gave themselves a large cushion for short term price fluxuation in their time of internal restructuring and shipping sector hardship.
It's already changed. It was trading at .95c.
over-reaction from the 1-4 R/S.
Grabbed some 3.35 on the bottom bounce from the over-reaction from the 1-4 R/S.
CONFIRMED STAGE 2 BREAKOUT - new bull run has begun for EGLE
EGLE has completed the most bullish chart pattern. It has formed a strong bottom/base
EGLE is breaking out above it's 150 MA
all new bull runs starting with a powerful breakout above 150 MA
DRY BULK sector on fire!
Worst priced into the dry bulk shippers
Now that we have cleared the 150 MA get ready to go parabolic!
BDI is skyrocketing
also 8.9 million shorts in EGLE
get ready for major squeeze & parabolic climb....
Market firm, bought 1k at open. Still have low bid in.
It hit so hard at the eod, if the market opens down, it should open down too. Hopefully an overshot buying opp.
I feel some profit taking here and a morning to consolidate and then another run for it. My DD is slim to none. Just a scan result.
Not a normal dip? What an understatement! WTH happened at close today???
My sell had triggered at 1.98. I didn't even notice the pullback. Wow, thanks for pointing it out. I'll see how it does in the morning then I'll put a bid back in at 1.72 or so. Maybe pick em back up.
Dern Man I was looking to jump in. This is a killer pullback on momentum, Not a normal Dip. Looks tempting.
~ Monday! $EGLE ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $EGLE ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=EGLE&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=EGLE&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=EGLE
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=EGLE#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=EGLE+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=EGLE
Finviz: http://finviz.com/quote.ashx?t=EGLE
~ BusyStock: http://busystock.com/i.php?s=EGLE&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=EGLE >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
I've more than doubled in egle this year. Huge volume i's making it explode. Almost time to take some profits.
Between this, PACR, and SPTN. It's been a happy, happy new year. (fingers crossed):)
nice job! I was not paying attention
The trove is baaaaaaccckkk!!! I'm mega green!!! Fast tracking to $2.00 I believe for starters.
My opine is that china has purchased/ manufactured its own fleet of transport. India is another matter. North Korea might be a long shot if Kim Jong Uh softens relations with US the West/East bulk shipping could enjoy a boost!! Don't recall if EGLE has a Pacific coast presents.
I'm taking a good look at raw materials, ect, POT out of Canada, RIOTONTO, Brazil, and ore production from Australia.
Some pundants suggest Newmont Mining and New Gold, Canada. But if we get rid of obama and the US economy stabilizes, Gold IMO will tank. So what to do?
i think that the tax loss selling has already happened. I too enjoyed this as a treasure trove of sorts. Made a handsome profit many times. I am very tempted to put some chips back in at this level and maybe average down a bit. If there seems to be no upward catalyst i will most likely cut and run with a loss. Good luck on what you ultimately decide to do.. Happy Holidays.
I am considering. With the new ships coming to an end, less capital should be going out to start ups, but it seems to be a falling knife. I'm gonna probably buy in thinking that many are taking tax losses for the year on it and hopefully it will get a rebound in January. What's your thoughts. This thing was my flipping treasure trove, but I took my first loss on it earlier this year, broke the streak. I've just been watching and waiting ever since.
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This board's subject is fundamental and technical discussion about Eagle Bulk Shipping Inc., EGLE.
Eagle Bulk Shipping Inc. is a holding company. Through its subsidiaries, the Company is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. As of December 31, 2006, Eagle Bulk Shipping Inc. owned and operated a fleet of 16 oceangoing vessels with a combined carrying capacity of 796,663 deadweight tons. The Company carries out the commercial management of its fleet through its wholly owned subsidiary, Eagle Shipping International (USA) LLC. Eagle Bulk Shipping Inc. expanded its fleet from 13 vessels to 16 vessels by acquiring the KESTREL I, TERN and JAEGER in June and July 2006, respectively. In August 2007, Eagle Bulk Shipping Inc. announced that it has completed the fleet acquisition from the parent of Anemi Maritime Services, a private Greek shipping company.
477 Madison Avenue
New York, NY 10022
(212) 785-2500
http://www.eagleships.com/
Eagle Bulk Shipping Inc. Reports Fourth Quarter and Fiscal Year 2008 Results
http://www.eagleships.com/phoenix.zhtml?c=189576&p=irol-newsArticle&ID=1261693&highlight=
http://finance.yahoo.com/news/Eagle-Bulk-Shipping-Inc-to-pz-15054442.html
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Best DD for all Dry bulk carriers can be found in the Dryships IBOX by Eastunder
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