thats a good thing, sellers are holding, volume is shrinking.now all we need is a buyer.sounds as long as support holds, id start chipping away at it.but id expect a daily attack on support until a buyer sticks his head out.jmho
What I'm seeing in call options every day tells me that someone thinks EXM is going higher in the next two weeks.The last time EXM reported, they blew away earnings. GNK just confirmed that business is booming so EXM will beat by a mile as well.Now that the merger is done, the combined company is the largest in the sector. QMAR was a well run company and the combined entity will be very profitable.The shipping business is better than it has ever been and prices are going higher. The real kicker is dividends. GNK just raised their dividend by 25%, that is what investors like.This is one you buy and sit on.
SURE, I AGREE!