Seanergy Maritime Holdings Corp. (SHIP)

[Dan Money]

We are in a mini recession right now.

I did not expect the earnings to be good at all.

It is not fair to judge nasdaq stocks during a mini or long recession.They look worse than they actually are.

If nasdaq was at 14,500 and ship was still struggling than the fears/concern would be more justified.

This is one reason why most traders/investors should have most of their bankroll in OTC stocks because recessions are little to no factor on most of them in my eyes.

OTC is way more appealing than nasdaq right now.

If you or anyone doesnt like OTC your other option is to sell everything and go all cash and literally wait for nasdaq to reach 14,500 and buy back in.This alone makes everything much safer for you.

The other option is to wait for a 6 month upward nasdaq trend and buy in.This is what I do after long recessions where there is no chance it will reach the previous high soon.