FREE gains 48% in 45 minutes this morning - congrats all

Published: Wed, 08/13/14

 

Morning all,
 
FREE is the talk of the Street today, just as I predicted.
 
I hope you all banked on this one.
 
I just tweeted that it might be time to take some off the table here at $0.665.
 
Sure it could go higher, but a 40%+ gain in 45 minutes is very nice.
 
You can always look to buy pullbacks.
 
Once again, congratulations. Follow me on Twitter for more updates.
 
www.shiznitstocks.com
 
 
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Hello fellow investors / traders,
 
Let's not waste any time, FREE is today's bounce play.
 
FreeSeas Inc. (FREE), a Marshall Islands corporation with principal offices in Athens, Greece, FreeSeas is a premiere, global commercial shipping company transporting iron ore, coal, grain, steel products and other dry bulk cargoes along worldwide shipping routes.
 
Currently, FREE has a fleet of Handysize and Handymax vessels.
 
Just recently, in an effort to shore up the company's balance sheet, FREE announced the settlement of $37.6m debt with $15m debt forgiveness. Can you read this in detail at http://finance.yahoo.com/news/freeseas-announces-settlement-37-6-141500693.html
 
For more info on FREE, visit their website at http://freeseas.gr/
 
Technically, FREE looks like it could bounce from these oversold levels.
 
You can see the beaten down chart, and now with some consolidation at these levels over the past few weeks, we think FREE could be on the upswing.
 
 
 

We also like that FREE has a history of making some nice runs, and its small $11m market cap lends itself to trading well when momentum comes in.
 
 
If FREE happens to gap up big today, you know the rules... be extremely careful chasing, or wait and watch for pullbacks/consolidation to enter.
 
We hope its going to be another solid day, I'll keep you posted via Twitter on any developments.
 
 
www.ShiznitStocks.com
 

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