Q.E.D. Still Short. Short now continuing for 3 years uninterrupted, longer than any marriage I've had. The line in the sand at 7 bucks remains unmolested. I could lower my STOP to the Dec 13, 2010 peak around 6.5 bucks but there was no interim lower low since the July 2010 low, so 7 bucks remains my Stop zone, manual of course. No positions added but if the 50 crosses the 200 to the downside I'll be tempted to add to shorty.
Cross has occurred and what's more there is a rejection of Price at the 50 m.a. Next week depending on 1H, I'll add to existing SHORT. Existing STOP level will be re-applied to new position(s) until low is taken out and then STOP will be lowered to 6.58
I might join you in shorting some shippers SEA HRZ GMR DRYS FRO GNK OSG NAT EGLE EXM BALT TNK SFL TGP NM DSX http://finance.yahoo.com/news/Investing-In-Transportation-wscheats-1715225751.html?x=0&.v=1 "Investing In Transportation: Hereâs Why Maritime is Lagging Rail and Air" http://finance.yahoo.com/quotes/SEA,HRZ,GMR,DRYS,FRO,GNK,OSG,NAT,EGLE,EXM,BALT,TNK,SFL,TGP,NM,DSX http://noir.bloomberg.com/apps/cbuilder?ticker1=BDIY:IND