RE:RE:RE:Golden Cross coming !!! Technically Bullish !!Technical trading is a bunch of hocus-pocus, especially when there isn't any volume or professional following who have similar thought.
Stocks like BDI are left orphaned when there isn't a following. Right now share price is entirely driven by insiders buying. If you strip out that volume, there is basically nothing. This is a great sign that insiders are buying, but I believe that historically this hasn't meant anything because they have been buying throughout the downswing.
Don't get me wrong, BDI is a great value buy for those with patience - I hope so because I have been in for 10+ years! They have some great tail-winds including the requirement for temporary facilities for covid, pipeline and LNG projectis, and other activities. Also, the tough job of dealing with travel logistics for workforces is being tackled by LodgeLink - this could be the golden goose one day. Headwinds include O&G in alberta, and now in the US (like Texas) where activity has dropped off the cliff.
Until the company gets traction again with institutions, the SP is going to be a laggard, unfortunately. Too bad there is the dividend that would reward us to wait. I suppose that debt payment should be a priority to weather any storms that may come again...
GLTA