OUT today on half my position on trailing stop pullback from $1.80. Sold most at $1.73 Closed at $1.71 $1.73-1.43= .30 .30/1.43= 21% profit on this half. Probally sell remaining tomorrow or friday, RSI is 68
Buy low, sell high!
Rocky faintly gurgles his cognitive dissonance renouncing any laudable accolades and insists all credit must go to his preening, propitiously perspicacious, pet parakeet. Paralogic psionics!
Here we are again. No sellers at the $1.30 level. RSI 34. Low volume ho-hum. More than a 50% pull back from the greedy $2.50s runup. If it is no longer a sell, then what is it?
Rockys fine feathered friend has peck blessed a re-buy. Repurchased today 10min to the close at $1.42-1.45 range.
Volume is light, mostly subdued retail selling on a light-vol Friday. RSI 39 and below 50dma on 29K vol. I believe this is a doubletest of the recent low $1.40s from the greedy blowoff $2.40-$2.50s . What goes up must come down, all parakeets and heavy rocks like Rocky and his other obsidian relatives know this. Maybe thats why they are at the bottom of the aquarium most of the time. (the relatives that is, lol) The Prefereds div was confirmed today as being payable.
I think the greed comes back next week.
Tmpw1...are you making that observation due to pari-passu rules on these prefered classes? I think the liquidity of G vs H is causing the arbitrage? Rocky says buy the cheaper issue, divs are currently suspended anyway and just wait.
Up again today, close at $1.14. If you look at the trading pattern(s) you can clearly see small retail selling into strength, with the larger trades at the ask, and closer to the close. This is bullish and should breach the 50dma soon. RSI 59 with steep uptrending MACD. Resistance is clearly much higher, in the +$1.50s, why leave money on the table?
Although now up 42% in a week, Rockys' plucky, pertinacious, parakeet has calculated a near term trading price target of $1.49. His frequent concinnous catoptromancy, well versed in investor strephosymbolia, parallels cryptaesthesia. Fear is turning to greed, RSI 54
NM and its brethren were the MOST advanced percentage gainers on the entire NYSE.
The 6MM volume off a capitulated/oversold RSI 26 low speaks otherwise. Don't forget the NM board also has a 25M buyback authorized and have stated repurchase of shares is in the companys best interest to provide shareholder value.
Mize, Rocky whispered to me that he thinks you are singing a new tune, lol. Its not really about the cash, NM could sell some ships to DSX or whoever would pay the most. Fear and Greed. Rockys' parakeet chirps that maximum profit is right smack dab in the middle.
Todays earnings beat and high beta PPS pop is what I was refering to in regards to risk/reward due to managment efficiancy and the ability to lower costs that Mr Market is overlooking, in relation to the peer group. NM is much better positioned than most of the others, with the smaller ships, diversity of income streams and over 80%/34% FY'16/'17 charters locked in. Hope some of you guys got shares below .60 during yesterdays high vol/RSI 26 capitulation! Cheers!
Patience is the mother of profit. Diversity is key. Navios Maritime Holdings (NM) is very diverse in terms of their exposure. They own 40 dry bulk ships: 13 Capesize, 12 Panamax, and 15 Handymax. It has exposure to both dry bulk and container ships through 20% owner interest in NMM. It also has 46.2% interest in Navios Maritime Acquisition (NNA), which has the majority interest in Navios Maritime Midstream Partners (NAP). NM also owns a 63.8% stake in Navios SA Logistics, which focuses on logistics.With a weak market, when shipping demand is weak, charterers prefer smaller vessels such as Handymax or Ultramax, of which NM has high percentage. Crude oil shipping by tanker is currently depressed also, but for how long? I think the market is missing the diversity of the income/revenue stream, the skill of managment, the efficiency that NM provides, and the discounted value that NM shares represent as a function of market share. Never forget this is a cycle, and where we are in the cycle. I remember Corning (GLW)
What are you guys doing? This is severely oversold and represents a strong buy on all valuation metrics. The time to sell is long gone. This is priced like Shipping by sea and seaborne trade is kaput. Anything below $1 is way too cheap and is a strong buy based on risk/reward metics and a 12month return of a normal market for shipping. Rockys parakeet has pecked the buy button at .74 Ruffled be his feathers, not.