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Category Archives: TBSI

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, ESEA, GNK, 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 [...]

By HappyTrading | Also posted in CSX, EGLE, EXM, GNK | 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 [...]

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