iBankCoin

Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Rumor Whores Abound Out of Europe…

chessNwine Tue Sep 13, 2011 3:29pm EST 5 Comments

________________

…and yet there many encouraging things about this market despite the whipsaws with news across the pond. The trannies and semis finally caught a strong bid, and if the shippers are truly bottoming here it will be a tell that, hey, at least the world is not ending. As you know, the shippers have been down 80-90% across the board over the past few years, demolishing value investors’ capital with each endless leg lower. Now, though, they are suddenly looking sharp. GNK is on a monster run today, and DRYS DSX EGLE all look well set up, just to name a few. Keep them on watch, despite the headlines out of Europe.

See Also: Genco is so bad it’s good

________________

________________

Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter

5 comments

  1. John B
    John B
    September 13, 2011 at 3:31 pm

    where is this place and do they have direct flights there

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Mad_Scientist
    Mad_Scientist
    September 13, 2011 at 9:43 pm

    WOW. Should have taken your GNK advice in mid August! I doubted it, but I was wrong!

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy