11-25-2021, 11:18 AM
(11-25-2021, 10:27 AM)fenders53 Wrote:I did read the earnings call, personally I put less weight on my reading of those due to my incompetence in analyzing them-LOL(11-25-2021, 09:59 AM)NilesMike Wrote: Agree with your read, I'm a little more optimistic perhaps, and I like the chart pattern.I'm optimistic in the short-term. Did you read the earnings call? Anything in particular you like about the near future fundamentals or is it just the chart? I always look at these skeptically and it keeps my FOMO in check. This will drop like a rock when freight charges crash in a few months if they don't hedge further. I like their current hedges for some protection.
Runup, pullback, higher high and higher pullback. Off we go! On Monday.
HAPPY THANKSGIVING TO ALL
Chart, I love. looks like solid support around 17-18. One dividend will be >5% return. I'd like to get in and just run a covered call setup on it but the options look a bit thin IMO.
They seem well position compared to others in their industry so I'll take a shot. Consensus of multiple sources seem to support the move. (but it ain't their $$-LOL)