6-17 ... The shipping sector has been crushed in the last 6 months, but started beginning of this week, 3 are on the rebound from a very oversold position, and short covering. The 3 biggest gainers are:
FREE
NEWL
FRO
FRO is the only one optionable, and has the highest short interest of 8.28. This is a speculative sector and has a lot of traders involved from what I can see.
NEWL looks good.
All material posted by langlui is purely my opinion and is not buy or sell recommendations. Do your DD, buy and sell based on that DD.