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Strategies & Market Trends : Underexposed Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Underexposed who wrote (739)	1/27/2020 6:05:49 AM
From: Underexposed	Respond to of 914

USA: A quick note on Seaspan [NYSE:SSW] I intend on following this stock for the foreseeable future. The fall in the stock seems related to a reorganization of the company in October and redemption of its senior notes. Seaspan has not, and does not intend to, arrange for listing and/or registration of the Notes on another national securities exchange or for quotation on another quotation medium. Seaspan intends to exercise its option to redeem the Notes on October 10, 2020, the first date for early redemption, at par plus accrued and unpaid interest to, but not including, such redemption date. I am certainly not an expert on Bonds.... Perhaps Robert could enlighten me as to why delisting these bonds and redeeming them is such a bad idea... it is reducing its debt is it not? And the news for this company is not all bad. ****************************************************************************************************************** Seaspan Closes Previously Announced Acquisition of Six High-Quality Containerships on Long-Term Charter HONG KONG, China, Jan. 24, 2020 /PRNewswire/ - Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today the closing of its previously announced purchase of a fleet of six containerships (the "Acquired Vessels"). Bing Chen, President and Chief Executive Officer of Seaspan, commented, "With the acquisition of the six high-quality containerships and approaching 1 million TEU, Seaspan has continued executing on its growth strategy through disciplined capital allocation. Leveraging our strong balance sheet and trusted customer partnerships, we are well positioned to grow our market leading position to capture the increasingly attractive opportunities in the containership sector. As this acquisition demonstrates, Seaspan continues to be well regarded by our customers and financing partners as their reliable solution provider. We remain committed to execute on our top five priorities and strengthen our unique integrated platform." ****************************************************************************************************************** To me this is good news for the future and defines a growing company.... not one in trouble. This chart is definitely a bear....the Slow Sto / MACD and BBWidth scream SELL right now and it could well descend to the $10 - $11 level those analysts say it is worth....again I fail to see the reason for the decline... after all they bailed out of that stupid natural gas deal with no penalties . Anyway... look at the main chart.... for 3 days the stock has closed way under the lower Bollie. Maybe we will see it continue under the lower bollie for 2 more days.... 3 days tops. Will that be the end of the decline???.... Probably not...It would then be on a consolidation period and initially drift to around $10.50 or so.... then gravitate to the 20 day SMA eventually while the consolidation resolves itself. Will that happen soon?.... nopes....look at the shape of the BBWidth .... the major decline will continue until the BBWidth reverses direction...then the Slow Sto must climb back out of the mud it is about to enter. It will probably be at least a month until it is ready to be invested in again. Any comment Robert on the Senior note issues...Or anyone else that wants to comment? UE