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Eagle Bulk Shipping, Inc. Message Board

  • shorts1218 shorts1218 Jan 9, 2013 8:15 PM Flag

    sblk next

    hasnt risen like prgn,egle,exm and drys

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    • Traders may jumpstart a technical upmove on DHT, after the initial bottoming bowl.

      Might. Might not. On radar, as are all shippers. Have traded as many as 16 as they have been bouncing toward what appears to be at least a near term bottom and rising.

      DSX has been in a sweet spot technically, with the 50ma/200ma.

      EGLE also on radar for another upmove.

      Remains to be seen.

      Peace Strategy

      Agape ~

      • 3 Replies to vcaritas
      • Today EGLE up 5% at the moment and was up a tad more earlier.

        SBLK up 2.54%

        DHT up 2.49% and was also a bit higher.

        DSX DCIX EXM and numerous other ocean shippers green today.

        SEA, the ETF for dry bulk, also green after a few days slight pullback.

        NNA GLNG SSW SDRL many others green.

        Red is NAT (reduced div) and dipped to .865, possibly lod.

        I trade the long side of ocean shipping and related stocks.

        Even tho VXX is rising, would not short this particular sector/industry with moneyflow indicators in current positions. I do trade 'additional shares' in the stocks I hold by adding at oversold areas (or fibonacci pullbacks...or even, occasionally, for intraday bounces. jmo


        Strategies of the Seas

        Agape ~

      • SBLK hit slight resistance just below previous high 7.44.

        Most shipping stocks I'm observing at the moment seem to be rising from intraday lows at the moment.

        Need to see if the move holds. Probabilities toward upside, imo.

        EGLE is toying with a 10ma/50ma crossover. Low thus far 2.13. Now 2.17

        DSX is holding amazingly strong at 8.47 (lod 8.46). (with 50ma/200ma crossover)

        DHT lod thus far 4.42. Now 4.452

        SBLK has pullback back a tad, touching low of day at the moment.

        (Trading CHK & CPST today to work toward more available dry powder to add/trade ocean shipping and some others on these pullbacks.)



        Agape ~

      • "Core Petroleum Said to Hire 2 Oil Carriers Owned by DHT Holdings
        By Michelle Wiese Bockmann - Jan 11, 2013 4:26 AM CT"

        Go to Bloomberg to read the article.

        Some shipping stocks have pulled back a tad from short term overbought levels, while DHT is green with a bullish chart configuration. Now also positive news.

        Possible EGLE will again move to upside after completion of this pullback.

        Remains to be seen.

        NOT a rec. Only a rec to include technicals in assessing any long or short position.

        Peace Strategies


        Agape ~

9.20+0.07(+0.77%)12:46 PMEDT