I’m looking for the shippers to make a move, we have a few that are setting up nicely:
DryShips Inc. [[DRYS]]
Excel Maritime Carriers Ltd [[EXM]]
OceanFreight Inc. [[OCNF]] love the moving averages
Joined Jan 27, 2008
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I believe EXM has earnings on Wednesday so be careful. I really like the setup but will pass until after earnings are released.
good looking out Mac.
Holding some DRYS overnight.
Hey RC, do you buy a stock knowing that earnings maybe just around the corner, such as IO and DENN? thanks!
I try not to, but sometimes my riverboat gambling personality comes out. But, seriously, I caught some good trades playing the earnings run up.
EXM has earnings, and there were a ton of front month OTM calls opened at the offer (last TH and F), there’s some deep pockets expecting a retest of that recent swing high from Jun by Aug expiry.
I’ve got some Aug calls bot for an earnings play.
When you talk about shippers you need to talk to our gold ol’ PPT friend IWIN. the master of all things shipping.
solar and shippers seem to have a fairly strong correlation…
Solars setting up as well