As long as the music plays in terms of the speculation taking place, it is of course a good idea to be prepared with fresh ideas.
I once played poker with a guy who would stand up to drag in his newfound chips every time he won a small pot of little consequence, all the while sarcastically shouting, “Ship the sherbet, baby! Send the bread to Fred!” The first several times it happened everyone at the table found it amusing, but after that it became dreadful. If anything, it proves that when you spend many hours with someone, repeating the same joke over and over gets tedious.
With that in mind, and speaking of all things “ship” related, the shippers are at an interesting juncture.
I made a custom screen in The PPT (“12631 Ship the Sherbet”) with specific ideas for playing this sector, which includes many hidden stocks not many are talking about (beyond the widely-watched shippers like DRYS DSX GNK, etc)
Members of our premium services can click here to view and then save the screen (click on top lefthand corner to save once inside The PPT).
Off the list, the SSW chart intrigues me the most at this point in terms of looking coiled, though a day or two of consolidation in the some of the other extended shippers may be all that is needed for better long entry points.
I have a few shares of ISH; would like your opinion; it’s a small cap and lower in volume than what you would like but it has broken out to the upside of the pennant I have charted
Needs to clear $21 in my view for a long-term breakout from downtrend. But as long as this daily base breakout above $18.50 or so holds should bode well for now. Be careful as it trades thinly.
thanks! I see what you mean from the monthly charts.