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Legan's  Instablog

Legan
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Manager in the service industry
My blog:
socialpicks.com/legan
  • Bloomberg article: BDI may surge 82% perfect play is FreeSeas,Inc FREE  0 comments
    Oct 21, 2009 9:11 PM | about stocks: FREE
    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.

    http://www.socialpicks.com/legan


    Long FREE
    Stocks: FREE
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