Top Ships Inc (TOPS)

[Suds Mackenzie]

Any day now...BOOM!

[kingsransome]

yeah, may buy in hear,,holding ships and its about to spike also,,shippers are recovering bigtime MHOP $$$$ good luck longs.

[GolfFishSurf]

I'm long TOPS, but I got caught in it years ago (since 2017), so I have seen this action time and time again. As it stands, I am down 73%, and that is after 'averaging down' a bunch of times in the last 3 years.

More facts: TOPS did not reach $7 this past Friday, as you stated.

[maestro_of_Ihub]

Yes you are, cover son!

[Suds Mackenzie]

On the move again. $2 tommorrow?

[GolfFishSurf]

Uh, yeah, how did that work out for you??!! $7.... you must have been dreaming of another R/S....

Can't even see $2, this is so pathetic.

[kenjiroo]

shorters taking their happy meal profit tsssssss

[maestro_of_Ihub]

$7.00 by Friday Here! Book It and Ship it!??????

[ClayTrader]

* * $TOPS Video Chart 05-03-2021 * *

Link to Video - click here to watch the technical chart video

[wickerman]

$TOPS nah just more bagholders for Pistiolis to dilute

[fsulevine]

Any idea if the Reddit group WallStreetBets is behind the move up today? If so, we could be in for a fun ride!!

[Suds Mackenzie]

Why Safe Bulkers, Star Bulk, and Danaos Corporation Stocks All Jumped Today
The Baltic Dry Index charges full speed ahead, dragging all the dry bulk stocks in its wake.

Rich Smith
(TMFDitty)
May 3, 2021 at 12:00PM
Author Bio

What happened
Shares of dry bulk shipping stocks are on a tear this Monday morning. In 11:25 a.m. trading, Safe Bulkers (NYSE:SB) stock is up 10%, Danaos Corporation (NYSE:DAC) is up 10.1%, and Star Bulk Carriers (NASDAQ:SBLK) is leading the whole pack higher with an 11.8% gain.

And why? The "BDI." That's why.

Three colorful arrows racing straight up on a black background
IMAGE SOURCE: GETTY IMAGES.

So what
Ever since 2021 began, the Baltic Exchange Dry Index (BDI), which tracks the rates that dry bulk shipping companies can charge for hauling dry bulk goods (e.g., coal, iron pellets, and grain) across the ocean, has been on a tear. From a starting point below 1,400 at the beginning of the year, the BDI has more than doubled already, passing the 3,000 mark on Thursday and closing out last week at a five-year high of 3,053.

Now what
Higher prices for dry bulk shipping almost certainly mean higher profits for dry bulk shipping stocks, and it won't take us long to prove out this thesis. In just two days' time -- on Wednesday, May 5 -- Safe Bulkers is due to report its fiscal Q1 2021 earnings results.

Danaos will follow with its own report after close of trading on Monday, May 10.

Then Star Bulk Carriers will round out the trio with a report of its own on May 19.

With each successive report, and each earnings beat (investors hope), excitement about the next report should grow, and stocks prices could rise along with that hope. Indeed, hopes are already pretty high. According to earnings estimates on Yahoo! Finance, analysts believe that 2021 will see both Safe Bulkers and Star Bulk reverse their year-ago losses and earn a profit. Danaos, which was already profitable in Q1 last year, could more than double its profits this time around, earning as much as $2.90 per share.

No wonder investors are excited.

https://www.fool.com/investing/2021/05/03/why-safe-bulkers-star-bulk-and-danaos-corporation/

[Suds Mackenzie]

Up $.50 with no news. Way undervalued!

[Suds Mackenzie]

Moving up since earnings release.

[Broke as hell]

im in 21k$ deep ready to see some bounce back to 2$ and beyond

[Broke as hell]

im in 21k$ deep ready to see some bounce back to 2$ and beyond

[Suds Mackenzie]

Earnings expected next week. Good time to buy!

[Broke as hell]

its going to go up 40% tomorrow

[Broke as hell]

im going to prison soon and God gave me signals to buy more of this even tho im down -30%.. i know theres something in my vision.. this company has reversed many times yet.. but they took the capital they needed.. to become profitable in the future.. the future is now. lets see what happens

[Broke as hell]

okay im buying more lol

[GolfFishSurf]

This was my opinion on March 4, and still is....

This will trickle back down under $1, and by then, they will be able to do another R/S. Doesn't matter what they've said last year or what they will say. Seen it way too many times with TOPS, and basically all Greek shippers...

[Broke as hell]

any opinions on buying or selling?

[Broke as hell]

added another 2k to the pile lets go!!!!

[Broke as hell]

COME ONNNNNNNNNNNNNNNNNNNNNNNNNNNN

[pay streak]

Added here , hopefully setting up for ihs breakout

[Broke as hell]

im liking this so far.

[Broke as hell]

keep slapping the ask lets get some people interested in making money $$$$$$$$$$$$$$

[Broke as hell]

same

[pay streak]

Should be back attacking 3s again this week

[Suds Mackenzie]

Slow climb back to $3.

[pay streak]

Yeah going to stay alert on this one, very bad history, but even turds have massive runs

[GolfFishSurf]

This will trickle back down under $1, and by then, they will be able to do another R/S. Doesn't matter what they've said last year or what they will say. Seen it way too many times with TOPS, and basically all Greek shippers...

[pay streak]

Needs to hold around 2 bucks or else big trouble

[pay streak]

Needs to break out of these 2.50s and its game on

[Suds Mackenzie]

Has Tops hit bottom yet?

[pay streak]

RSI reset, time to move higher

[Roadtojourney]

Yaa this should have a tag of buyers beware imo lol

[GolfFishSurf]

Yeah, been here over 4 years. Seen this happen so many times that ALL trust is gone. And all the R/S's have hurt many so bad over the years that this needs to climb to $20+ just to get back to breathing even. Averaging down year after year has many in 99% losses....

Hopefully, as you said, it will be different this time.

[pay streak]

Needs to cool off man...been moving up all month, you've probably been burned before but let's hope this time the company holds up to there word and not dilute, this is just setting up for the next leg up

[GolfFishSurf]

And here comes the slow slide back down to $1.......

[GolfFishSurf]

You did call it.... well done. I hope you had a little action this time too, to make up for those miserable years we had back then.....

[jpowellvlc]

Congrats dudes! The chart it worked.
Dont forget to take profits.
And dont be FOMOboys.

[Broke as hell]

looool chooochooo LETS GOOO

[Suds Mackenzie]

Strap in, this roller-coaster is out of control.

[ClayTrader]

* * $TOPS Video Chart 02-12-2021 * *

Link to Video - click here to watch the technical chart video

[Filterthenoise]

The turd of all shippers is alive and well now

GL

[Mistererovi]

This Pig, could fly $ 20 next week, making new yearly hight

[pay streak]

Squeeze into the closing bell

[weedtrader420]

Woohooooooo TOPS$ SHIP$

[pay streak]

Huge gap there to fill?