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Thanks Alice - THAT is a lot of good news.. let's hope
it helps their stocks. The same situation could (should)
be said about commodities like coal and fuel.
New here buying, but I am also looking....
at the warrants. I haven't been able to find much on them. Can someone enlighten me as to the terms on the A & B warrants, i.e. SHIPW and SHIPZ?
Thanks
locked n loaded,,Squeeezzzzzzz $$$$$$$,,MHOP
Estimate -.02. Actual .04 according to Ameritrade posting.
That is a good formula DanMoney, stick to your trading process and make profit. Added another 400 shares of SHIP during after hours today but tomorrow is a Friday, so I'm curious to see what Market does after multiple red days. Shorts making money this week.
I am not sure if that was a factor but nobody should be expecting amazing earnings from any of them now anyway.
When the Nasdaq does badly so do I.I hope next week when my fidelity account is linked with my bank that I can put enough in OTC to compensate for any nasdaq decline or recession.
$ship $1.19 v -0.15 (-11.19%)
Volume: 17,184,913 @02/25/21 5:02:55 PM EST
Dan and Alice - The surprise "earnings" news from Warrior
Coal blasted the entire coal industry today - badly, immediately.
I guess that would include SHIP coal shipping somewhat.
"Quarterly Results (Warren Coal)
Earnings per share fell 373.91% year over year to ($0.63), which missed the estimate of ($0.33).
Revenue of $212,253,000 higher by 3.59% year over year, which beat the estimate of $187,030,000.
Outlook
Warrior Met Coal hasn't issued any earnings guidance for the time being."
https://finance.yahoo.com/news/warrior-met-coal-q4-earnings-222549722.html
I have 2 formulas that apply to ship.One says it is a sell at $2.20 and the other says it is a long term hold if it were $0.50 or $5 at least right now and as you say something needs to happen and it will push my other formula so the sell can go from $2.20 to $4 or more.
The problem is though if you look at my other pitched stocks SHIP is still a buy but it doesnt have the upside of a lot of other stocks at least ATM but just like you I hope that is temporary and fixed today.
Your smart Sambeaux, for staying in the share zone where you feel comfortable and confident. I believe that makes for a stronger mindset when making critical trade decisions. You've been at this far longer than me. Profitable traders are able to sell to take profits and also to sell to stop a loss. The very best are able to sell at just the right time. The news today along with you feeling nervous is something the CEO has to combat and address, particularly when pitching to large institutional investors/hedgefunds. I'm not looking forward to more offerings but if SHIP can catch A super whale like Goldman Sachs, who alone could probably 20x this stock in a year and push all of the other Shippers up as well, would be a Dream. BlackRock, Fidelity or Vanguard wouldn't hurt either.
My formula says I got to sell at $2.20 unless something changes.I added a ton of new stock picks in my pitches so you will see the full force of my power.HAHAHA
I still see the stock getting to $2.20 or so again unless news changes it.
I pitched 2 more stocks I wanted you to know before market opens.
I am going to make enough picks to really prove myself one way or another.
Alice, I'm still holding. Too nervous to buy more. eom
Added 2200+ shares on Friday @1.63 and yesterday added another 1,000 shares. If it drops further, I might sell a bleeding frozen cannabis holding to add more. I'm not gonna abandon this SHIP no matter how many articles SA publishes prior to bear market raid days. It must be personal for them... attacking this and CTRM premarket today. Algos across the entire market were triggered to sell at open bell because of todays premarket coordinated shorting. The drybulk shipping sector uptrend will continue IMO throughout the year. The MACD for the monthly chart has crossed over and is heading down but the 5 day is trying to finish its cycle to go positive. Let's see if it gets broken downward tomorrow when it tries to cycle positive or stopped by a wall. Of course people/ groups are trying to get shares as low as possible. Some have no problem naked shorting stocks to aquire them. GLTA
If their earnings has that news in it that will be great.The obvious problem with buying now is we do not know how far we will fall.I got burned on the discount price I bought at.
oh well I am holding all of mine.These temporary dips happen I just hope we not going into a recession.
I dont really do option trading but many stocks this would be a time to do that as they going to go up fast or down fast from whatever they close at in my eyes esp in the next 2 weeks.
DAN! And in the face of probably best news ever for SHIP!
QUOTE: "Seanergy Shares Quiet; Co Tweets 'Cape vessels
daily rates at more than 100% premium over the last 5-year average
in Jan-Feb, respectively. 2021 set to be a record year for cape vessels."
This huge drop is dreadfully weird.
PS
I'm gonna buy a little more at this (HOPEFUL) "discount".
Today sucks this is the worst losing day I have had in soooo long.This is the downside of never shorting for me.
If we rebound right out of this some people are going to get huge discounts.
Some people do not believe in diversifying.Some talk about they would wait 9 months to a year for the perfect trade where they only in 1 stock or 0.Plus I heard one guy who said he did this put a massive percent of his whole bankroll into it every single time.
The problem with that is any disaster would be so much worse if you got 40% of more of all your stock money in just one trade/stock.I think it is bad bankroll management no matter how favored you are unless your account is so low/small it does not matter.
He said he was so profitable and was almost never wrong he did not care but to me it is unnecessary to risk that much on any one trade/stock.
Some that do diversify say they would limit all their investments to a small number of 4 or less at a time but I do not really agree with that either.
I do not fault anyone who cant find any trade/stock they like for not making a move but that tells me they either do not know what they are doing or they way too cautious.
Let us say that a trader will not invest in a stock or trade unless they believe there is a 90% chance they will make money.
It is cool if there is any trader that is seriously that accurate but even that can cost that trader a lot of money.
I can invest around the same amount of money in 10 different OTC stocks as an example and strongly feel there is a 70% chance I will make money on each of them with a 30% chance I will lose everything.
Even if it was 60% profitable to 40% losers "at best" it would still be really good.
The reason why these work for me is because even if just 4 of them are profitable they will pay for all 6 losers.I will still be profitable overall.Even if only 3 were profitable I could still take only a slight profit or loss overall.Plus that is like a worse case scenario.
The traders that have to be accurate 90% of the time they would not even look at trades like that and they probably do not look at OTC at all.
Seanergy Maritime Holdings Corp. Announces Pricing of $75 Million Common Share Offering Priced At-The-Market
Seanergy Maritime Holdings Corp.
February 16, 2021, 10:20 pm
GLYFADA, Greece, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to purchase approximately 44,150,000 of its common shares (the “Common Shares”) at a price of $1.70 per share, for aggregate gross proceeds of approximately $75.0 million, in a registered direct offering priced at-the-market under Nasdaq rules.
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“The pricing of our offering will underpin our strategic aims of sustainable fleet growth and continued balance sheet deleveraging. The proceeds of this highly accretive transaction shall further enhance our liquidity allowing us to pursue potential additional acquisitions at what we believe to be favorable timing in the market cycle.
We strongly believe that our segment represents the best fundamentals in the dry bulk industry and Seanergy is in a strong position to capture the rising market momentum.”
Maxim Group LLC is acting as sole placement agent for the offering.
The registered direct offering is expected to close on or about February 19, 2021, subject to the satisfaction of customary closing conditions.
About Seanergy Maritime Holdings Corp.
Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the US. Seanergy provides marine dry bulk transportation services through a fleet of 12 Capesize vessels with an average age of about 12.2 years and aggregate cargo carrying capacity of approximately 2,103,042 dwt. The Company is incorporated in the Marshall Islands and has executive offices in Glyfada, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol "SHIP", its Class A warrants under "SHIPW" and its Class B warrants under “SHIPZ”.
Dan, Diversity. Yes. Law of averages says a person will
have at least a winner or 2. Even on market down days.
Then can focus on the winner(s) for good attitude.
When are earnings due?
What are the "experts" forecasts?
* * $SHIP Video Chart 02-18-2021 * *
Link to Video - click here to watch the technical chart video
I bought more SHIP today only based on my belief it will be pumped sooner or later.I would not tell any of you to do that unless it fell close to $1 without more news making it a much better discount.
I am up over 3% on my main account today.I love the stock market I wish it was open 24/7.
For those of you who are not doing it you got to diversify so you are favored to win every single day and you cant do that unless you diversify.I have losing days too but they are rare and even when I do all I need to do is hold to get it back the vast majority of the time.
With SHIP we need more news/earnings and without that the safest option is to hold and wait for it.
Focus on other stocks now.
The stock market being down as a whole today is a problem too.
I still am holding SHIP and I am not worried even if we do not stay about $1.70.
I also wanted to tell you off topic that I said I was going to buy some OTC stocks but my broker ETRADE does not allow them to be bought now.They tried to make it sound like they want to protect customers from themselves but I am profitable with OTC stocks so it hurts me.
I applied for Fidelity and allegedly they do not even have fees for OTC stocks.ETRADE was $5 in and $5 out so I will look at this as a positive if that is true.
My point is it might be a few weeks before I can trade OTC which is lame but there is nothing I can do.
Lots of interesting philosophy on this blog. Plus - There
is the fact that they do own a lot of big ships.. that are
designed to and capable of transporting important stuff
around the world. HOPEFULLY WITH A NICE PROFIT.
PS
This stock transfer could hang over the price for awhile..
or not.
The stock did not close under $1.70 per share which they sold at.It will be a huge sign of strength if it can hold above that until the next news/earnings comes out.I just mean for the close of each day and not the daily low.
There was tons of people who wanted to push us under $1.70 yesterday and they couldnt do it which I found funny.
No matter what the stock price does I absolutely feel it will be pumped in the next 3 months.I just do not see it falling under $1 unless news made it do that and this news just is not that bad in my eyes.A slightly positive earnings will just add that it is a hold no matter how far it falls.
I have made money on OTC stocks where I thought the whole company was a fraud/garbage stock just because I felt there was a 90% chance they would pump it and was right.
I strongly feel SHIP will be pumped and if the company is legit or a fraud/garbage stock at this point I truly do not care.
"The finest line of poetry ever uttered in the history of this whole damn country was said by Canada Bill Jones in 1853, in Baton Rouge, while he was being robbed blind in a crooked game of faro. George Devol, who was, like Canada Bill, not a man who was averse to fleecing the odd sucker, drew Bill aside and asked him if he couldn't see that the game was crooked. And Canada Bill sighed, and shrugged his shoulders, and said, 'I know. But it's the only game in town.' And he went back to the game."
Neil Gaiman, American Gods
I didn't short this today Sambeaux. Still holding long my original shares. Nothing in the stock market is guaranteed but a $3 PT is conservative for SHIP. It'll probably go over 4 and might even touch 7 which is my To da Moon price. If we start trading in the double digits we will have passed the Moon. Best to you Sambeaux!
* * $SHIP Video Chart 02-17-2021 * *
Link to Video - click here to watch the technical chart video
I will add this even if the ownership are just con artists you can STILL make money off owners like that.The reason for that is until they abandon it they pump and dump their own stock.
Even if I had factual proof they were greedy frauds I still would hold because I think it will be pumped to $4.
Thanks Dan for kinda clearing some things up.
I wish they could have held out and sold the
new shares at $2.50/share.
Alice - massive dilution. Ya gotta wonder whose gonna
get the $75 million? Pay raises and bonuses for the
bosses?
My 1 thing works great Sam but some things will hurt it no matter what.
As for SHIP I just see a lot of overreacting.
This is not a loan they just sold a chunk of their company.With that money they can pay off debts and expand.At least this takes away the fear they could go bankrupt from debt soon.
Considering the news that they just want to expand more and more even with their debts says this is a homerun or strike out type of move.
The one guy who commented they going to do a R/S that would be insane.Tons of people who are holding would leave if they did that.They already have compliance so it wouldnt help.
I also find it interesting the price is not going bellow its common shares (the “Common Shares”) at a price of $1.70 per share which they sold at.
That some institutional investors are putting 75 MILLION in our stock is all the MORE reason to hold and buy more.Why would they do that if they felt it was a garbage company/stock?
It is a mathematical certainty the stock is going to be pumped in the future.
They still have not come out with earnings either.
I am still profitable and I am going to hold.I expected a big down day even without news anyway just because stocks that move up as fast as we were have people getting out.
I think by September it will be over $5.
Hi Sambeaux. SHIP is receiving $75 million for selling stock with this Direct Offering to an institution... don't know who they are yet.
What you warn is true. In fact a 10 year investment would have yielded -99% return in SHIP or TOPS. Shipping has had a dismal decade... but I think they've hit bottom and have finally left Davy Jones's Locker... at least for the next year++. Everytime I live through an offering, hindsight tells me I should have sold on the announcement, then open a short and buy to cover close to offering price and then wait for things to settle before riding the wave back up. That trade opportunity didn't present itself today. Looks like they are keeping the price tightly controlled, which is good actually. Haven't seen the prospectus, I just hope that they didn't give them 30 more days of additional time to purchase shares... that would hurt our momentum. The Baltic Index Rose 17.5% today to 1756. China has reopened for business now that the Lunar New Year Holiday is over. SHIP probably would have had a strong green close today if not for the pause to fill this offering, but I remain positive that this will go over 3.
$75,000,000! Where did SHIP get that much money to buy
that much stock from Institutions.
AND TDAmeritrade SAYS THAT ONLY 5% OF THE STOCK IS EVEN HELD
BY INSTITUTIONS.
The numbers do not come close to adding up to there
being $75 million of stock held by institutions for
SHIP to buy in the first place?!?
Dan?,
How does this scheme fit into your "1 thing"?
Here we go with the offerings again....T*ps will be next !
reverse split is next move these shippers do,,careful
https://www.globenewswire.com/news-release/2021/02/17/2176706/0/en/Seanergy-Maritime-Holdings-Corp-Announces-Pricing-of-75-Million-Common-Share-Offering-Priced-At-The-Market.html
I know how painful offerings can be... although this IMO was absolutely necessary for Seanergy Maritime Holdings Corp. to reach higher share prices and have them sustained. SHIP needed large institutional investors who can attach Proprietary trading bots to our stock and stabilize the price, otherwise it would be mostly retail and a few MM's taking profit and stepping on each other with every significant uptick climb attempt. I'm betting they anticipate at least doubling their 75 Million investment @ $1.70, which would mean IMO that we are likely going over 3+, I just don't know when. Not sure how I'll trade this just yet, if at all. Good Luck Everyone!
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“The pricing of our offering will underpin our strategic aims of sustainable fleet growth and continued balance sheet deleveraging. The proceeds of this highly accretive transaction shall further enhance our liquidity allowing us to pursue potential additional acquisitions at what we believe to be favorable timing in the market cycle.
We strongly believe that our segment represents the best fundamentals in the dry bulk industry and Seanergy is in a strong position to capture the rising market momentum.”
* * $SHIP Video Chart 02-16-2021 * *
Link to Video - click here to watch the technical chart video
I read that as I said more of a reason to hold.It will be interesting where this stock will be in 4 months that is for sure.
I am going to add more pitched stocks on here soon and you can see more of my formulas in action.
Dan - If your plan is working, stick with it! SHIP is
expanding its fleet of giant ships:
"GLYFADA, Greece, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ:SHIP) announced today that it has entered into a definitive agreement with an unaffiliated third party to purchase a Capesize vessel (the "Vessel").
The Vessel was built in 2006 at a reputable shipyard in Japan, has a cargo-carrying capacity of approximately 177,000 deadweight tons ("dwt") and shall be renamed M/V Tradership. The Vessel is expected to be delivered towards the end of the first quarter or early in the second quarter of 2021, subject to the satisfaction of certain customary closing conditions. Following her delivery, the size of the Company's fleet will increase to 12 Capesize vessels with an aggregate cargo capacity of approximately 2,103,042 dwt.
The special survey and ballast water system installation for the Vessel were completed recently by the current owner and therefore the Company does not anticipate incurring any off-hire or significant capital expenditure for this Vessel at least for the next two years. The gross purchase price of $17 million is expected to be funded with cash on hand."
Where is earnings news?
There is plenty of reasons to hold no matter what the earnings says but let us see it.
I do not deny that but it is better having a formula you stick to which is why I am how I am.It doesnt make stocks that do not fit/hit it good/bad automatically.
Frozen wind turbines, soaring spot electricity prices: How the Artic freeze is roiling Texas’ energy market
The extreme cold appears to have caught Texas’s highly decentralized electricity market by surprise.
Cattle shelters from the cold wind on the side of a pump jack array in Midland. Subfreezing temperatures are expected in all of Texas.
Cattle shelters from the cold wind on the side of a pump jack array in Midland. Subfreezing temperatures are expected in all of Texas.(Eli Hartman)
By Bloomberg Wire
11:57 AM on Feb 15, 2021 CST
The unprecedented Arctic freeze chilling Texas is roiling energy markets, sending spot prices of electricity soaring and freezing wind turbines to cut off an alternative supply source.
Large swaths of Dallas, Houston and other cities are being plunged into darkness for an hour at a time — and in some cases longer — as surging demand for heat pushes the state’s power grid to the brink. Outages are expected to continue into early Tuesday, grid operators said during a briefing Monday.
“Every grid operator and every electric company is fighting to restore power right now,” said Bill Magness, head of the Electric Reliability Council of Texas, which runs the state’s grid.
The average spot price for power across the Texas grid hit the state’s $9,000 per megawatt-hour price cap shortly after 9:30 a.m. CT.
The extreme cold that’s crippling Texas’s power market is part of a larger weather pattern gripping much of the U.S. Winter storm warnings, advisories and watches stretch from New Mexico to Maine. In the past week, about 800 daily records for cold temperatures have been set in the U.S. as arctic air pushes all the way to the Gulf of Mexico.
The extreme cold appears to have caught Texas’s highly decentralized electricity market by surprise. These are the first rolling blackouts caused by cold weather since 2011.
“These are not rolling blackouts. We are dealing with system-wide power outages across the state,” Houston Mayor Sylvester Turner said on Twitter.
Spikes in electricity demand usually happen in summer in Texas when air conditioning use rises. A loss of frequency on the grid has caused 30 gigawatts of generation to halt. Many stations will have been undergoing scheduled maintenance, leaving the grid more exposed during unusually large spikes in demand.
“We would expect to be in emergency operations tomorrow through at least Tuesday morning,” said Dan Woodfin, a senior director at Ercot.
Dan Bryant and his wife Anna watch "Frozen" by the fire with sons Benny, 3, and Sam, 12 weeks, along with their dog Joey, also wearing two doggie sweaters, with power out and temperatures dropping inside their home after a winter storm brought snow and freezing temperatures to North Texas on Monday, Feb. 15, 2021, in Garland. The Bryant’s, who lost power Monday morning, were wearing outdoor winter clothes, down to snow boots, hat, and ski pants, and even their dog Joey had two doggie sweaters.
NEWS
ERCOT restoring power to half a million Texans, but widespread outages continue
BY NATALY KEOMOUNGKHOUN AND KRISTA M. TORRALVA
The power crunch is being compounded by a lack of wind generation with output more than halving to 4.2 gigawatts. Wind turbines may freeze in bitterly cold weather, reducing efficiency, and the blades can ultimately stop spinning.
A mix of freezing temperatures and precipitation is paralyzing wind farms in Texas. That would be devastating for power plants with contracts to provide a certain amount of electricity at specific times if they need to instead buy it on the spot market to meet their obligations. At the moment, that power is exceedingly expensive.
“When wind-turbine blades get covered with ice, they need to be shut down,” said Joshua Rhodes, a research associate who focuses on energy at The University of Texas at Austin.
The grid is Texas has relatively little connection with the rest of the country, making it an island when it comes to supplies. Spot electricity prices in Texas soared 3,466% from Friday, according to data compiled by Bloomberg.
LNG exports from the U.S. also plummeted after the freeze shut ports and wells, and oil production also took a hit, with Permian oil production plunging by as much as one million barrels a day. West Texas Intermediate futures rose by as much as 2.5%, above $60 a barrel for the first time in more than a year.
The cut to crude supplies is threatening to unleash a rush for everything from propane to heating oil, fuels that are used in mobile heating devices.
Chinese shipping containers are stored beside a U.S. flag after being unloaded at the Port of Los Angeles in Long Beach, Calif.
RETAIL
Toilet paper is back on shelves, but these 6 things are still tough to find nearly a year into the pandemic
The reasons your sofa is still floating on the ocean in a shipping container may have started with COVID-19 but the dominoes keep falling. Mac ‘n cheese saved the day for one Plano business.
BY MARIA HALKIAS, DOM DIFURIO AND KYLE ARNOLD
In Houston, there are long lines to refill household propane canisters and firewood is selling out. The city may pick up as much as 2 inches of snow overnight, along with ice and sleet, the National Weather Service said. It will get hit by another storm bringing ice and freezing rain Wednesday.
“It is going to be a cold week,” said David Roth, a senior branch forecaster at the U.S. Weather Prediction Center.
Brian K. Sullivan, Naureen S. Malik and Javier Blas, Bloomberg
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