It's consolidating before making a big move up.
Stock price when the opinion was issued
It's trading with oil, so he's waiting for now before adding to his small position. (Oil is nearing $100 a barrel.) This has not been a successful position. He won't add until the oil price comes down.
Recently spun off. Could become one of the best freight operators in the world. Was up 6.4% today in a bad market.
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It's consolidating before making a big move up.