Good job people. This stock is a screaming buy, not a screaming sell. I was going to wait to increase my position by 40%, but if this madness keeps up, I'll be able to do it sooner rather than later.
I'll put in my buy for $1.30, but with my luck FREE will put out the PR notice tomorrow, and this stock will shoot much higher.
Only dumb money is selling today.
I guess we all waste our time in one way or another!
I've wasted 69+ years so far but I enjoy charting my way. A 126.82 point Monday market drop wasn't a bad call for a Friday early afternoon. Two $1.20 buy calls on FREE last week weren't so bad either. You call one now using DD and we'll both learn.
The $1.20 buy seems to have been good and with a close of $1.28 or better we are in a renewed buy signal. This Friday bump up for the overall market will not be good enough for a buy signal so I suggest that we stay cautious overall.
Note to masmj: We were discussing a shipping industry financial tactic that applies to all shippers, including FREE, and have no interest in impressing you or anyone. If our conversation bothered you, I apologize.
I'm very curious about remarks by Mikekato200&Tenaedi regarding Navios Martitine Partners ! May I ask what possible connection, besides none, would Navios Maritine have under the Free website ???? I think I know, you two just want to blow your own horns in an attempt to impress others ! Fellows, it ain't working ! Give it up ! If your going to post under Freeships give some bonified info on the subject or move on !!!!!
Perhaps all of the operating costs (personnel, fuel, insurance, etc...) are all on the back of the shipper including the fact that the lessee has no clue how to drive a big-ass boat.
I'm still trying to understand the shipping business so please help me know why a company would lease this vessel for 9 years, 365 days a year at $42,250 a day equaling $138,791,250 when they could buy it for $110,000,000, save $28,791,250, get the benefits of depreciation and still have servicable years left. What am I missing?