Legan's  Instablog

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Manager in the service industry
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  • Bloomberg article: BDI may surge 82% perfect play is FreeSeas,Inc FREE  0 comments
    Oct 21, 2009 9:11 PM | about stocks: FREEF

    Bloomberg article says Baltic Dry Index (BDI) may surge 82% before years end.

    Source: Baltic Dry to Jump on Chinese Bulk Demand, Cosco Says (Update2) - Bloomberg.com

    and FREE - FreeSeas, Inc. may benifit could rally in short time

    The market was weak today, but most shipping stocks were up because the BDI is coming off of a bottom.

    FREE's technical chart suggests a consolidation period has ended and an uptrend has formed, uptrending from technical support areas.

    Looks like this stock may have hit bottom and headed up soon.


    Long FREE

    Stocks: FREEF
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