I bought a partial position in SHIP and was wondering the same.TA perspective: a close above 1.28 would be positive. an increase in share price, on significant volume would be positive.SHIP has significant resistance at 1.28 (both stockta.com and proprietary software)The move up is on low to medium volume. Today's volume at 11am is 134k out of 187k avg volume. 66% of average before noon, but not extreme volume. The share price has closed 2 days consecutively above the upper limit of the down channel that it's been in since May 2010.There are NO gaps waiting to fill.FA perspective:from http://finance.yahoo.com/q/ks?s=SHIP+Key+StatisticsMarket Cap (intraday)5: 74.64MEnterprise Value (Oct 6, 2010)3: 433.48MTotal Cash (mrq): 70.90MTotal Cash Per Share (mrq): 1.18Total Debt (mrq): 432.14MTotal Debt/Equity (mrq): 165.10Current Ratio (mrq): 1.27Book Value Per Share (mrq): 4.35Market cap 75M roughly= total cash 70M... share price is approximately 'cash value'.432M debt. http://finance.yahoo.com/q/cf?s=SHIP+Cash+Flow&annualCash flow statement (Dec 31 2007 to Dec 31 2009)income from operating and investing activities has increased while income from 'financing activities' has decreased.IIRC, Dale Ploughman, the CEO, has in the last 6 months, purchased 150k shares at an average price around $1.24. http://finance.yahoo.com/news/Seanergy-Maritime-Holdings-iw-...The insider transactions on Yahoo http://finance.yahoo.com/q/it?s=SHIP seem at odds with the yahoo news story about DPloughman :-)fwiw and fyi :-)ralph
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