% | $
Quotes you view appear here for quick access.

FreeSeas Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • tenaedi tenaedi Aug 24, 2010 12:03 PM Flag

    Price response looks okay...

    If I had a ton of shares at $4-$5 a share I would be worried but my grand daughter has $200 invested out of her pocket. The price has to go very low to hurt her. FREE is reacting to the overall market and very low volumes and is currently not in a buy signal so I only boought a few shares.

    The BDI is right on schedule at 2% growth per weekday since I started charting it on 7/29. At this rate it will hit 4000 the third week of SEPTEMBER. About then everyone is going to say " Oh Crap! Why didn't I buy back then?" Let us look at a probable time line of announcements:
    . Ballon loan refinanced.
    . Better contracts above $16,000 per ship. Costs under $5,000.
    . Strategy altered to combination of spot and longer periods as BDI grows.
    . Destiny gone.
    . Goddess back in action.
    . Envoy sold.
    . Debt continues to be paid down.
    . Reverse split approved.
    . Two new builds ordered with financing help from Korea or China and without net major dilution.
    We can discuss probabilities and dates and pros and cons and that's what a board is for. These are my thoughts. What are yours?
    When I get another buy signal I'll buy a lot more.

1.150.00(0.00%)Apr 22 4:00 PMEDT