Don’t buy Safe Bulkers yet even though it is below $7.00

Safe Bulkers has been absolutely hammered since April of 2011, but don't buy it yet.  I know it is in value territory right now.  But trust me…it will go lower with the world economy because dry bulk shipping rates are affected by the world economy.  Wait until the technicals show a bottom for this excellent dividend company.
You can read all my articles on Safe Bulkers fundamentals by clicking on this link:
Here is the link to the SB chart if it doesn't appear above:
The technicals I'm looking for are the CCI coming out of the red zone, the price lifting off the lower Bollinger Band, and the MACD turning upward.
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Published in: on October 4, 2011 at 12:59 am  Leave a Comment  

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