Box Ships Inc (TEUFF)

[fly_fisherman]

I'm not big on ....


hype myself. Wish it could be toned down a bit. I don't think there is anything malicious going on here. Just excitement. We all see the share price stabalizing nicely after hitting a very hot RSI and a load of negativity thrown at it. The extra ship was sold and it there was a massive effort to take the PPS down. Well its held the 50 dma quite nicely. I see opportunity buyers stepping in to grab a few here and there without running it up. Buying as cheap as they can get them but yet supporting the chart. All positive.

The RSI is becoming way oversold. We could be seeing a perfect setup for a nice breakout run up.

The sector is improving daily with more ships being put to pasture. Decreasing the supply will continue to improve the shipping rates overall quite nicely.

Patience is key now IMHO...