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FreeSeas Inc. (FREE) Message Board

  • jfk67jfk jfk67jfk Nov 9, 2013 6:43 PM Flag

    Out of BTLG group meet Th/Nite

    Mid Oct, we were assured the pull back would complete itself , like Omne we pinned the floor/smart money influx re-entering this group between the 4th - 13th. Once we saw all 3 gorilla programs fail to bring down the .20 mark, it became obvious to us the trough was completed. (Not sure if us and other investors buying in hourly blocks, collapsed these, who knows) We currently see fair value of FREE @ .575 and project the group itself will return to Sept. form. True range itself should be .48 - .87 for FREE, 3.53 - 5.08 for DRYS fluctuating into Dec, respectively. Just know how FREE trades, it lags DRYS, however any poss. r/s is moot at this point.

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FREE
0.50-0.01(-2.04%)Jul 24 3:59 PMEDT

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