Major equity markets and $USD pop are always gravitational forces that affect EGLE. Nothing EGLE hasn't already done several times in past year. What is the difference today between Jul 6, Sep 3, and Oct 5 ? Not much.
Opened a position at $4.75 today. EGLE has been grounded in a swing technical dynamic, just as many mid-cap commodity-related equities (gold and oil included) have been.
Looking to sell at $6.00 This is how many institutional and private traders are playing EGLE these days.
Ivestors/day traders don't know whether to fart or faint. One day they get good news and all is well, the next day the sky is falling, sell out and by up can food. LOL! If, and I stress IF, you can accurately call and play this kind of volatility, you can make a ton of money. Playing on other people's fears and ignorance in this market can be to your advantage, buy all you can on these dips that come along for no apparent reason. gl