'Battered by rough seas in the industry over the past couple of years, New York based dry-bulk shippers Eagle Bulk Shipping Inc. EGLE -7.53% and Genco Shipping & Trading Ltd. GNK -4.63% are working with advisers to pare down their debts, according to people familiar with the matter.' quote from the EGLE MB. FREE was a successful shipper prior to the global/Greek recession/depression.
Been watching with great interest for several months. The chart does look like $.10 is in the future. I don't understand that based on the published fundamentals. Is there something missing in the equation? ? Sharpei
If you are talking EW, then my read would be the low today is the bottom of Wave 2 (Bottom of corrective W5 was .28) with Wave 3 ahead. Candlesticks (Wikipedia): 'The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. ' Inverted Hammer shows up on 6 month Daily chart. Not making a prediction-just pointing out what chart looks like. Sharpei
'by omnedeusexmachina • Oct 31, 2013 7:32 AM Flag
I will be clear about this, and I won't argue any points, because quite frankly, there's nothing to argue about. This isn't conjecture on my part, I have been cleared to make this information public by all parties, but I do not have the authority to discuss/argue individual points or answer questions: 1.) The proposed RS (the one spoken of as a forgone conclusion) in the proxy will occur. 2.) The RS is not going to be enacted this year. 3.) The RS is not going to be enacted in order to meet Nasdaq listing compliance, as the company fully expects to be in compliance before it is enacted. 4.) The RS is being enacted to decrease the number of OS shares. 5.) In this particular case, the RS can be viewed as a very positive occurrence for shareholders, not only because it is not an instrument to meet Nasdaq compliance, but because it will prove beneficial to an investment deal that is in the works between another party(s) and FreeSeas, Inc. 6.) You may assume from this post that the information I have stated here will be discussed at the shareholder's meeting on Nov. 14th, and that they will also reveal the contents of their balance sheet at that meeting. 7.) You may also assume that they will post a very positive earnings report as the result of the previously mentioned deal(s). 8.) I repeat, I will not answer questions or provide any information beyond what I have already stated in this post. Happy trading and good luck to all.'
Hetero: Appreciate very much your contributions. Just to be clear all I have done is made available the chart and TA for board members so did not understand: 'That's cool and all but that is not how the BDI works.' Hope investors are rewarded this month. Sharpei
formed cup from Jan 2012 completed about mid Oct 2013 where it pulled back to form handle through third wk Nov (about). Has now begun its next leg up. See stockcharts: $BDI -2 yr chart w/macd, rsi, adx, pivot points. Do same with FREE. Sharpei
'You're BOTH crazy.' Omne, you are the one, I believe, who posted that you take Prozac and another MAOI.This is not something to be ashamed of, but without question what I have observed on this board is classic; the day you wrote you dove into the Mike's hard raspberry (or some such thing). Sorry if I have hurt you and I am being sincere when I say that I wish you all the good health and prosperity in the world. I am simply a fellow sufferer. Sharpei