Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
shorters taking their happy meal profit tsssssss
$7.00 by Friday Here! Book It and Ship it!??????
* * $TOPS Video Chart 05-03-2021 * *
Link to Video - click here to watch the technical chart video
$TOPS nah just more bagholders for Pistiolis to dilute
Any idea if the Reddit group WallStreetBets is behind the move up today? If so, we could be in for a fun ride!!
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/
Up $.50 with no news. Way undervalued!
Moving up since earnings release.
im in 21k$ deep ready to see some bounce back to 2$ and beyond
im in 21k$ deep ready to see some bounce back to 2$ and beyond
Earnings expected next week. Good time to buy!
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
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...
any opinions on buying or selling?
added another 2k to the pile lets go!!!!
COME ONNNNNNNNNNNNNNNNNNNNNNNNNNNN
Added here , hopefully setting up for ihs breakout
keep slapping the ask lets get some people interested in making money $$$$$$$$$$$$$$
Should be back attacking 3s again this week
Yeah going to stay alert on this one, very bad history, but even turds have massive runs
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...
Needs to hold around 2 bucks or else big trouble
Needs to break out of these 2.50s and its game on
Yaa this should have a tag of buyers beware imo lol
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.
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
And here comes the slow slide back down to $1.......
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.....
Congrats dudes! The chart it worked.
Dont forget to take profits.
And dont be FOMOboys.
Strap in, this roller-coaster is out of control.
* * $TOPS Video Chart 02-12-2021 * *
Link to Video - click here to watch the technical chart video
The turd of all shippers is alive and well now
GL
This Pig, could fly $ 20 next week, making new yearly hight
Woohooooooo TOPS$ SHIP$
Huge gap there to fill?
And now it's blowing
6 month and full year financials by end of Feb...hopefully.
Been moving steadily up without any news
Followers
|
229
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
13311
|
Created
|
10/16/05
|
Type
|
Free
|
Moderators SmellMyFinger |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |