Stockchase Opinions

Hap (Robert) Sneddon FCSI Nordic American Tankers NAT-N HOLD Jun 06, 2013

Shipping company that owns and charters Suez tankers for oil transportation. Chart indicates that this is trying to build a little bit of a base. It has done this before, so it may be a false signal. Chart shows a big drop from 2010 all the way down to late 2012. If you own, $8 would be a good place to put a Stop.

$8.370

Stock price when the opinion was issued

Transportation & Environmental Services
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PARTIAL SELL
Take profits. It's done well. But he's circumspect about future growth.
SELL
If you took some profits, then move on. Business has done well. Some analysts believe business will be good, but he's circumspect about its future.
DON'T BUY

A ceasefire in the Middle east would lead to some normalization of freight rates. There is political risk. It is in the bulk tanker space and is not his preferred name.