Top 1%
Hi guys,
I stumbled upon this stock. Stats look fantastic and it smells like this one is ready to explode. What do you think?
This post is more than 60 days old. Replying to it might be confusing for other members reading the discussion.
By all means, keep the ball rolling and post a new opinion.
Top 5%
ContraryOne
Aug 14 at 11:18 ET
I would have liked it a lot better at $29. Is this what they refer to as a low moat company? (No unique competitive advantage) Lots of shipping firms and most are undervalued. Not a bad idea but I think it would be a momentum play and you would need to watch it carefully.
Top 1%
CountdeMonet
Aug 14 at 3:05 ET
This is one of the areas I'm looking to get short. Good luck.
Top 5%
jchadingram
Aug 15 at 12:38 ET
I think you missed most of the easy money on this move. You could have watched for the Support/Resistence upward breakout. Look to get in on a pullback to $32.17, with s tight stop @ $30.00. If the Baltic dry index takes a hit, so will this stock.
Top 1%
dirtyharry
Aug 18 at 1:05 ET
Maybe you were trying to buy this a momentum play, but I think stocks like this should be bought for value at the bottom of their trading ranges and not after they've just had a 30% run up!
Top 1%
blacktuna
Aug 18 at 1:43 ET
seems I'm in a room full of technical traders.. I love it! :)
I think there is some juice left in this baby but keeping my eye on it, thanks guys.
Top 1%
dirtyharry
Aug 18 at 2:33 ET
I look at value first, then technical, and use the two in conjunction with one another. I have found if the value is there but the technicals are out of whack, you're setting yourself up for a questionable trade. I agree that the value is still there, but almost universally, you should not buy a stock after it runs up 30% in a week. Stocks that do that often contract quickly too and lose half the gain.
http://www.freevaluestockpicks.com