You can thank Harry Reid and the Obama morons running our "not me" entitlements priority government. They are suppose to be political SCIENCE people running this country based on a constitution; not socialistic politicians with their own agenda. Vote for realistic people this year. I'm done for a month now.
This stock can easily be manipulated. Just a few weeks ago the whole company was worth ~ $10m. Chump change for the racketeering traders. So watch out for P and D.
What data might you have in this vision?
Yes correlation, but not 1/1 as competition and NMM specifics/margins and future expectations are all different.. But yes have a look at what NMM was when BDI was 600. BDI near 600here are 3 samples: 9/14/2012 NMM was $14-15, 05/08/15 $10-11, 11/06/2015 $4-5. So take your choice.
Today, Monday, March 14 2016, the Baltic Dry Index climbed by 5 points, reaching 393 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
Peanuts...if it was 1.6m shares then something is cooking.