Tuesday, August 27, 2013

High Volume High- 8/26 Trading Edition

Far more names moving to highs than I would have thought considering the weakness in the market amongst the across-the-board sell off. The shippers are starting to catch more of a bid, as more and more the names in the group attract interest.... moving to highs on volume. I have owned Diana Shipping (ticker DSX, a high volume high for 8/23) at prices near the low $8 per share and have pulled back on my holdings to reduce risk weightings. That said, the high volume highs across the group suggests further price gains.

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