Seanergy Maritime Holdings Corp. (SHIP)

[JustaDude]

Sometimes, I've see people post that copper and iron ore are low-priced, so they think that it's time for shipping stocks to go low. I'm thinking the exact opposite is true. I guess they confuse low commodity prices with low shipping cost. I think that low commodity prices cause increasing demand on the service that shippers provide, which drives the cost of shipping higher.

My PT had been $1.87 and that was when BDI was just over 1,100. If it hits 1,400, I'll have to seriously consider whether I think pps can break through the resistance at $2.00 without taking forever to do so, because it could easily go on a run after doing so, imho.