New visitor? Consider subscribing by RSS or by email.On October 19th, I wrote that the long rally in dry bulk shippers was likely to end. I was a few days early, but today it did just that. On RealMoney.com, Tony Crescenzi explains why: “there is [...]
I have been a fan of the dry shippers in general, and Excel Maritime [[EXM]] in particular, for almost two years. As the Baltic Dry Index of spot prices doubled and doubled again, the dry shippers started to print money, and their shares shot up. Excel Maritime, for example, surged from around 11 [...]
When I first profiled dry shipper Excel Maritime (EXM) (articles), I said that I would keep the trade on so long as the trend remained in both EXM stock and the Baltic Dry Index of freight rates. EXM is still trending, but it looks like the Baltic Dry Index is turning down. That [...]
One of the biggest misconceptions about microcap stocks is the notion that traders should avoid mainstream analytical tools and instead base trading decisions on rumors, tout sheets, and inside information. I think that is a big mistake. Conventional tools are the core of my microcap trading arsenal. Here’s how I use them:
Tear [...]