$1MM or bust
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The higher the BDI, the higher GEs buyout must become, I expect he will have to make an offer well exceeding $4 and soon. Time is costing him money in this environment.
Iron ore prices looking to break out higher again as well.
TOPS just got new financing. SHIP should get some as well.
TOPS just got new financing. SHIP should get some as well.
An attractive move today
Yes, I think we are in the stunned disbelief phase. Will have to give it a moment to register in the market's mind, then the reaction will be just as swift and powerful.
BDI broke through 2000 today
Right. So they are securing themselves a net long position and lending out shares to sucker shorts.
4hr MA is at .6368 - might break out substantially after that.
BDI continues to move to new highs and the PPS doesn't budge. So much for efficient markets discounting future earnings. I guess the debt-load really is what's holding this stock down.
It's kinda like watching a poker game where you cant see any of the cards or players. You see there's money moving around, but that's it.
On track for another multi-million share day.
No idea what the MMs are doing with this stock.
Whatever I think they're doing, I can be assured they're doing something else.
Baltic Dry Index to 1816, 5 1/2 year high.
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1816-up-39-points/
Low debt bulkers trade around $100 million in market cap per 1 million DWT.
SHIP has 1.748 million DWT capacity which gives it a valuation about 35x higher than current levels if they can somehow reduce their debt about 80-90%.
Hopefully the new government in Greece moves on their economic reforms soon.
I am bullish on the Australian dollar - that's basically my only macro call which seems related to the cyclicals you are talking about
Drybulkers are moving now - GLBS up 15%, ESEA up 10%, etc.
Our little fellow here is still in the loading zone.
What are some examples of cyclical stocks? I am more of a technical trader.
biggest waves come from a hurricane right surfer?
Yeah I know the iron ore prices are driving the BDI higher, the liquid tankers are breaking out today - check out TOPS, up 50% in the last 30 minutes. Looks like the middle east is about to explode - should drive up the prices for dry bulk as well.
A rising tide really floats all ships in this case ;)
Did Iran finally seize a tanker?
SHIPW expires november, SHIPZ expires in 2.5 years
They got warrants trading for a couple pennies if you're up to a real spec
What gives you that impression?
The put options on this stock are expensive as hell, they're priced like the stocks going to drop $20 tomorrow.
Why would anyone touch this stock?
Loaded up here.
Took a stake here.
Major resistance broken - cup and handle formation completed.
Huh, which contract are you talking about? They already said they were late on selecting a candidate for the $6.3B deal as of December last year.
1st day of 2019 2H... feel like if the USPS was going to announce a contract they are months behind on approving, it would be today..
About to melt through $3
Told you I'd be back when we broke $3 and HERE I AM
LOCKED AND LOADED
Still hugging .10 here - not a bad sign
is there any doubts this is a bottom formation?
Why bother repeating it if you don't know it's a fact?
source?
what are we hoping for here?
were we expecting a filing today?
Absolutely glued to .10 today
Sure looks like they are gearing up for something big.
Also are now hiring a manufacturing manager https://www.linkedin.com/feed/update/urn:li:activity:6546780878104866816