I will be buying a large block of TK tomrow again at below $67, Lets ride this again....
Michael's Monsters
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Bought some shares of BEL today, (one of MR. MArkets picks) for $12.04
The reason being; its a strong company.. good mang... and the technicals are good. I think that this news has scared investors to sell off. A small upward reversal will take it to about $14.. that is what I intend to ride..[/b]
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09:41 ET 50 Day-Alert -- Teekay Shipping (TK) 65.50 +0.62: -- Technical -- Stock has pushed above the top of its recent range top (65.19) as well as its 50 day exp mov avg (65.32). Next resistance, if able to sustain the breakout, is at its 50 day simple mov avg at 66.07."Trade What Is Happening...Not What You Think Is Gonna Happen"
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Don't want to burst anyone's bubble here, but World Scale shipping rates have dropped significantly in the last week. Looks like there is more tonnage out there. The fun could be over.=============================
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