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Under the hood of RIG with an eye toward 7/16big brain time, fintwit... How is WISH going to deliver orders without oil and boats or whatever?! Spoiler alert: they're not. Enter: RIG (honorable mention: SHIP) At heart, I guess RIG is an oil play. As usual I'm going to spare you the deep RIG backstory and assume that you found this idea because you've already done some research of your own. There's been a lot of insider buying happening with RIG recently and it looks like the chart is in a nice pattern too. Don't forget, none of this is financial advice and I'm on my second June Shine of this Sunday afternoon. Moving on. In my perfect genius opinion, a FAVORABLE CHART + INSIDER BUYING reflects positively on the probability of RIG breaking out above 4.80 and fighting for 5.00 before the July 16 options expiry date. I threw up some options data as well, I probably won't update those numbers past today (Sunday 06/27/21), so do your own DD. Anyway, you guys are my best friends. Bye.
NYSE:RIG
by psc230
Filling The Gap GOEDFinally back in the gap on GOED with strong volume to start the week. New coverage from ThinkEquity puts a Buy and $12 target on the stock. I think now it comes down to continuation and follow-through. Secular trends will likely start playing a bigger role if or when it breaks back through this gap. "Q2 has been a strong quarter for 1847 Goedeker. Since May, GOED has seen record growth in its revenue. Up over 41%, it has increased written orders by over $28 million which is no small feat. It is currently one of the leaders in the online retail industry for online household appliances. With acquisitions underway as well as a plan to implement new shipping strategies, Goedeker is an exciting penny stock to watch." Quote Source: 7 Top Penny Stocks to Watch Right Now With Big News
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by PennyStocks101
RIG Continues In Its ChannelI put this RIG chart together earlier this month and it continues to hold true. No major consolidation just a channel trade with higher lows getting put in. With global shipping becoming a bigger point of interest right now RIG could be one to watch (assuming they don't do something stupid like raise money at a drastic discount). "the oil demand this year has only started to rise in the past six months. This is a clear reflection of the effects of the pandemic coming to an end. While no one knows exactly when the pandemic will end, it looks like people are beginning to resume travel internationally and domestically. For this reason, many investors are betting on the future of the energy industry. Whether this is enough to make RIG stock worth watching is up to you." Quote Source: Hot Reddit Penny Stocks to Buy? 10 That You Should Know About
NYSE:RIG
by PennyStocks101
Castor MaritimeMission Statement: We are a growth-oriented global shipping company engaged in the seaborne transportation of a wide range of commodities along worldwide shipping routes through our ownership of dry bulk and tanker vessels. Recent News 1. Limassol, Cyprus, April 9, 2021 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2011 Japanese-built Panamax dry bulk carrier from an unaffiliated third-party for a purchase price of $18.48 million. 2. “We are pleased to announce the successful delivery of the M/T Wonder Sirius, the second of our two Aframax LR2 tankers. These timely acquisitions into the tanker sector diversify our revenue sources while the attached charters provide us with cashflow security throughout 2021. Our two tankers are projected to generate in aggregate, assuming no off-hire days, approximately $10 million of gross revenues for the minimum scheduled period of the charters, or approximately $21 million should the charterer exercise their options to extend both charters by an additional one-year term. These figures do not take into account any profit sharing that may apply above the minimum daily hire of $15,000.” 3. Limassol, Cyprus, March 19, 2021 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that on March 17, 2021, it took delivery of the M/V Magic Orion, a 2006 Japanese-built Capesize dry bulk carrier, and on March 18, 2021, it took delivery of the M/V Magic Argo, a 2009 Japanese-built Kamsarmax dry bulk carrier, pursuant to the transactions previously announced on January 20 and February 3, 2021, respectively. Both acquisitions were financed in their entirety with cash on hand. The M/V Magic Orion is expected to commence employment under a time charter contract on or around March 20, 2021, at a daily gross charter rate of $21,000 and an expected term of about 35 days. The M/V Magic Argo is expected to commence employment under a time charter contract on or around March 21, 2021, at a daily gross charter rate of $25,100 and an expected term of about four months. *Not Financial Advice What do you think? Like Follow Agree Disagree!
NASDAQ:CTRMLong
by Redimere_91
6
SFL just finished impulse wave and now heading into correction?Hi. In this 1D chart I've done my first attempt at plotting an Elliott impulse wave and its corresponding correction wave. If the right shoulder makes itself clear and the correction does proceed roughly as shown it would be a pretty clear sign of a new impulse wave starting. Any points after (5) are speculation and should be treated as unsure and unfounded until proven otherwise. Especially the price of point (C) when it occurs. The last point of the correction, (C), would as usual be a good place to go long but a safer option could be to wait for the (2) in the new impulse wave before posting a long position. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NYSE:SFLLong
by Kabeldon
Extended Wedge Bullish Bearish Neutral?It's a very wide wedge right now so lots of room to fluctuate. Will the reopening trade momentum act as a catalyst for another rebound or will NAT just chill here forever? In its Q4 and full-year 2020 update, The company said that “We see strong oil demand, in particular from Asia for 2021…The lock-downs around the world has led to pent-up demand for many goods and services that will flourish once the vaccination program gains momentum this year…The demand will, unlike wars and financial crisis, be met by an unharmed physical and financial infrastructure that is ready to deliver on all cylinders.” Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
NYSE:NAT
by PennyStocks101
TOPS looks attractive technicallyweekly chart strong upward momentum with potential weekly Pin bar. short interest is huge on this worst NASDAQ stock in 2020. SETTLEMENT DATE SHORT INTEREST AVG. DAILY SHARE VOLUME DAYS TO COVER 01/15/2021 2,128,199 5,444,345 1 12/31/2020 2,569,607 1,925,017 1.334849 12/15/2020 2,086,305 6,122,246 1 11/30/2020 1,676,599 2,414,442 Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
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by hanzhao311
2
Global Shipping Equity recovery?Thanks for viewing, I am just posting this to make tracking the equity easier. If you ignore the massive 1 month spike in price and volume (10x volume) that would otherwise invalidate my EW count, the main downward price trend seems to be over. If I average in, I will have to be able to withstand price drops possibly to $3 and keep buying, but after that there is significant upside. I don't know what will happen to the global shipping industry. All I know is that EW points to the correction is over and the movement trend (despite inevitable volatility) I expect to be generally upwards over the medium-term. I am always looking at "bad news" unloved industries to see if there is value. Also very low PE and price to book value ratios. There also may be a swing in investor sentiment to real assets, Companies that actually mine, move, or make necessary things (e.g. not leisure cruise ships or over-leveraged airlines) If that happens, investors will find a Company trading at around a 70% discount on net assets. I would be more willing to invest in that as a store-hold of wealth than negative yielding government bonds. While, not as attractive as bullion or gold miners, it seems still better than bonds. Protect those funds PS; No fundamental analysis was conducted, no reports looked at etc. Liability disclaimer etc etc I am not long, but will look into it.
NYSE:GSLLong
by flyinkiwi10
1