FREE - FreeSeas, Inc. (NASDAQ STOCK)

[BadThad]

Another shipping play, one of the smaller companys, but they smoked earnings expectations today and the stock is up 25%. The charts are not good, after this jump I expect a pullback, stock is over-sold. Nonetheless, it's worth watching because the company is doing well and BDI is on the rise as the economy recovers.

FREE - FreeSeas Inc. - Google Finance

52wk Range 0.52 - 7.24
Current Stock Price: $2.73

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[thegreatgate]

Yesterday's closing price: $1.63

FreeSeas Inc. Files Registration Statement to Provide Additional Financing Flexibility
7:15am EDT

FreeSeas Inc. announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC). This registration statement will provide the Company with additional flexibility to raise capital, depending on favorable market conditions. This flexibility is currently limited under its previously filed shelf registration statement. The raising of equity capital would provide the Company with additional financing capability for the acquisition of vessels, the repayment of debt and general working capital purposes.
FreeSeas Inc. (FREE.O) Key Developments | Stocks | Reuters.com