FreeSeas Inc fka FREEF

[ThePennyDoctor]

FREE may go up without the other shippers, but it is less certain. It did move huge Thursday w/o the sector, and Friday may have just been some profit taking. I just prefer more obvious plays.

I am also a bit concerned with the US government stoppage (if it happens) pulling everything down, although I read some articles that showed the last stoppage did not have a significant affect on the market. The recent debt ceiling crisis did, however, appear to drag the wider market down approx. 15% (according to a few sources). Maybe they will have a deal in place by EOD tomorrow. Otherwise, I will have to consider some leveraged inverse ETFs.

What is with these damn government crises every other month anyhow - might be best if one just comes to fruition and causes some quick chaos so we can ride the correction back up after traders realize the sky isn't falling - worked well in 2008.