M4 Benelli said:

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Spoony Love said:

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Is the thought on shipping companies that basically they have run out of luck or will soon?

Several have posted revenue increases from the prior year due to increased freight, but with it came increased expenses as well. I'm thinking it's a function of looking ahead to a slow down in manufacturing and not shipping as much product. Curious to hear what everyone's thoughts are.

I've done a little research on ZIM and SB. ZIM seems poised to bring on healthy revenue and they reaffirmed their FY22 guidance last earnings report of increased profit from FY21. They just closed a deal with Shell to store LNG and the stock. It's at a 52 week low. Sounds like an opportunity to get in near a bottom soon.

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Wouldnt touch ZIM unless it scrapes the bottom of the bourbon barrel. They dont hold many assets, are skewed towards spot prices, and possess very little in way of lengthy charter agreements. They have a ton of cash on hand, and the fat divies will still be in store through 2023. I wanted to see some buybacks so it could hit fair value, but theyre reticient to do so since they jusy IPO'd not too long ago. Sold off my position last week.

If you want an undervalued shipping play that has a ton of upside buy GSL. This is the company that companies such as ZIM rent their ships from. 8% divy as of writing, clearing out their debt, and they just announced a huge multi year charter agreement with Hapag-Lloyd. These charter agreements are about half of their current market cap. Sail on pirate.

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Golf1 said:

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Thought I'd check the texags chatter over 3970 getting tested again and all I'm seeing is slump buster talk. I guess I'll go back to Reddit for all my questions regarding the stock market..

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FJ43 said:

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What does this chart tell you besides it's a traders market?

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BREwmaster said:

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FJ43 said:

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What does this chart tell you besides it's a traders market?

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TTT (credit to FJ)... not exactlly sure of the bounce spot but we might be close.

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Golf1 said:

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Now that there's news about it I'm hesitant to get in but didn't NVDA have earnings recently and drop after hours and then was up like 3 percent the next day?

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Quote:

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Nvidia Warns of Sales Hit from New U.S. Chip Licensing Requirements For China -- WSJ
6:14 pm ET August 31, 2022 (Dow Jones) Print
By Asa Fitch

Nvidia Corp. could lose as much as $400 million in quarterly sales after the U.S. imposed new licensing requirements on shipments of some of its most advanced chips to China, the chip maker said Wednesday. Nvidia, the U.S.'s largest chip maker by market value, said in a regulatory filing that it was notified on Friday that it would be required to get a license from the U.S. government before shipping certain cutting-edge chips to China and Russia. The company doesn't sell chips to Russia, it said, but the restriction on China could impact its outlook of about $5.9 billion of sales in the current quarter. The company was in talks with Chinese customers to fulfill planned purchases with other products and may seek licenses from the government if the replacements weren't sufficient, it said. The new licensing requirements come at a difficult time for chip makers. Demand for personal computers, videogames, and smartphones, among other gadgets, has slowed with soaring inflation and a worsening economic outlook. pressuring people's ability to spend. Nvidia this month said it made revenue of $6.7 billion for the quarter ended July 31, some 17% below the $8.1 billion it had forecast in May, amid a 33% drop in gaming revenue to $2.04 billion. Intel Corp. last month reported a surprise quarterly loss and cut its full-year outlook, reflecting a slump in personal-computer purchases and product delays. (END) Dow Jones Newswires August 31, 2022 18:14 ET (22:14 GMT)

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pumpjack2 said:

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DNN has been the gift that keeps on giving for me personally. Went net free on the run up to 2.00+ back in November, and have been selling calls on all remaining shares each spike since. It's been a solid source of income for my account.

At the moment I'm sitting on my hands with it unless it comes back to the 1.00 - 1.05 range for some continued buys.

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Golf1 said:

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Me buying SPY calls tells me we are going to finish red today.

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BREwmaster said:

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4B sell side MOC, holy moly -- tied to month end though possibly?

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