I suppose you need two things to jump start this sector.1) Stabilizing BDI2) Earnings coming in ahead of projection for Q4I think we are 3-4 weeks away before we get there.I wish we would hear from several CEOs that they would consider a share buyback at these prices. It's not healthy to buy vessels (used or new) at peak prices.
A positive sign for TBSI is it's down on below average volume.
I thought $30 would be the support level. Clearly I was wrong. It would be nice to hear if Royce would announce a share buyback or a personal purchase of his company's stock.I don't want to hear analysts calling this an oversold sector.
Going to be a rocky road up until earnings.
I think the $5 million in bonuses doled out last week shoud be returned. So far, the company lost 20% of its value in one week.