Bloomberg article says Baltic Dry Index ( BDI ) may surge 82% before years end.
Source: <font> Baltic Dry to Jump on Chinese Bulk Demand, Cosco Says (Update2) - Bloomberg.com </font>
and FREE - FreeSeas, Inc. may benifit could rally in short time
The market was weak today, but most shipping stocks were up because the BDI is coming off of a bottom.
FREE's technical chart suggests a consolidation period has ended and an uptrend has formed, uptrending from technical support areas.
Looks like this stock may have hit bottom and headed up soon.
http://www.socialpicks.com/legan
<font> http://seekingalpha.com/instablog/492125-legan/32533-bloomber... </font>
Long FREE
$1.6201 (10/22/09)
