Skip navigation

Category Archives: ESEA

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 EGLE, GNK, PRGN, TBSI | Comments (0)

The Green Bar of Death

July 29, 2009 – 3:11 am

Yesterday I was going to write a short article about the "green bar of death" but didn’t find the time. Where is this green bar? It is on the daily chart of DRYS. Take a look at the chart, and look at the days with the largest green bars. Then look what happened the days [...]

By HappyTrading | Also posted in DRYS, Uncategorized | Comments (0)

Euroseas Earnings Preview

July 23, 2009 – 2:25 pm

Euroseas is a Greek-owned shipping company which operates a 16-ship diversified fleet of container, dry cargo, and dry bulk cargo carriers. The company is small and opaque enough to fly under the radar of the market to a great extent. The company’s former 32 cent dividend has been pared to 10 cents, giving a respectable [...]

By HappyTrading | Comments (0)

A Paragon of Virtue

May 19, 2009 – 10:33 pm

If you read my article describing the strategy for trading shipping stocks this week, you saw me declare a strategy in which I advised you to: 1. Buy shipping, 2. Sell just before earnings, 3. Wait for a pullback post-earnings to settle, then 4. Buy back in. This is a strategy to use when a [...]

By HappyTrading | Also posted in DHT, PRGN, Uncategorized | Comments (0)

BDI Points the Way Higher

May 17, 2009 – 8:18 pm

by Skymist Sign up for FREE membership! 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 [...]

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