NM owns profitable divisions and subs that are not tied to dry bulk so i imagine they could survive. But disclosure, I am long NM, so I am talking my book.
I agree. I don't trade this way, just that this is what the technical traders say. Not my bag and just passing along what it looks like it is doing. I ignore the noise and let the big boys do their thing.
Yup, trying to fill the gap. Actually $31.72 is the gap fill. $1 to go then my guess is it'll fill in a bit then off to the races again.
May just be trying to close the gap, which might take it down to about $32 and change. I am not much of a short term tech trader myself, but that's a fairly standard explanation.