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Category Archives: EGLE


Shipping Rally Boosts EGLE, GNK, DSX, & Others

November 11, 2009 – 7:44 pm

We had a big day for shipping firms today in the stock market, with SEA (Claymore-Delta Global Shipping ETF) moving up over 3%, and some shipping companies posting gigantic advances: EGLE up 16%, OCNF up 15%, GNK up 15%. So what is the real reason for the sudden optimism in this beaten-down, depressed and desolate […]

By HappyTrading | Also posted in DSX, GNK | Comments (0)

Four Shippers Emerging From the Mire

October 21, 2009 – 1:05 pm

After a thrilling two-week rally in the stock market during early September, shippers began to fall.  They had been enjoying a nice rally on the general premise of economic recovery, market stabilization, and rising materials prices.  But suddenly on September 17th, the shipper sector broke, and leading names fell - plummeted, actually, at a much […]

By HappyTrading | Also posted in GNK, TBSI, ESEA, PRGN | Comments (0)

Shipping Surges on Little News

July 15, 2009 – 5:02 pm

I was in shock at the turnaround.  My shipping index was up 4.4%. (At 98.6) EXM was up over 20%!  GNK, TBSI, EGLE, all up big. But the S&P was only up half a percent or so. So what is going on?
My first thought - ok, so the S&P head and shoulders formation is complete, […]

By HappyTrading | Also posted in EXM, GNK, TBSI, CSX | Comments (0)

BDI Points the Way Higher

May 17, 2009 – 8:18 pm

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The Baltic Dry Index is an industry index of averaged shipping rates charged by marine firms who ship bulk dry cargo.  We watch BDI because when it goes up, shippers of iron ore, coal, and other bulk dry goods are getting increasing freight rates.

Let’s take a look at the […]

By HappyTrading | Also posted in EXM, ESEA | Comments (0)

Dryships Spoils the Party

May 10, 2009 – 7:20 pm

With the Baltic Dry Index up every day for an entire week, the shippers become somewhat divorced from the general market, and find a strong support zone.
My key plays on dryshippers have been calls on ESEA, EGLE and TBSI. Individual stocks:
ESEA: a shipper with one of the lowest debt-to-equity ratios around, and a PE ratio […]

By HappyTrading | Also posted in DRYS, TBSI, DHT, ONAV, GASS, GLNG | Comments (0)