Seanergy Maritime Holdings Corp. operates as an international shipping company specializing in the worldwide seaborne transportation of dry bulk commodities. It focuses on owning and management of fleet of Capesize bulk carriers. The company was founded on January 4, 2008 and is headquartered in Athens, Greece.
This one is very interesting, I see shippings are setting up nicely. For this one in particular Iād wait for a break above the 200dma and buy at a possible pullback. Thanks for the idea š
skelatorr
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higher the risk, higher the reward.
BeardedSince
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@skelatorr, more than likely, like in this case, you end up holding a bag, at higher loss.. I got out before the price hike up but glad i didn't get back in. Looks like there was good reason for SHIP to keep pushing back ER.. AFTER HRS DUMP TO .19 (Ouch if you bought today)
MR_TRADE98
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@Ksanti7, I was holding 9,000 shares bought @.18 and sold it @ .25, I was mad for not selling it at @.33 (60%) But now Im definitely looking to get back in
mcclougj
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@MR_TRADE98, They announced another reverse split effective June 30th today...
ejherring
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@Ksanti7 @MR_TRADE98, I bought 24k shares a few days ago @.26, it jumped to .34 and I missed the sell. it dropped to .23 and I had to sweat through after hours. It hit .31 the next day and I bounced. Ugh!! Monday and Tuesday will be interesting to watch before the reverse split.
MR_TRADE98
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@ejherring, Do you think is good to buy before reverse split?
ejherring
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@MR_TRADE98, I don't think it makes much of a difference. The gains and losses will be the same. It adds security so they don't get delisted. It's always going to be volatile. Risk versus reward is tough. In order to make a decent profit, you have to buy a substantial amount of shares. With the increase in share price, you do have the benefit of turning a profit without having to spend thousands of dollars to make a little money. It's never going to be what it was but I do believe it has to go up once we get through this FN virus.