It looks likely.
I would characterize the previous run up as short covering rally. From here a rally should represent a change in the outlook for this company, and the sector in general, to a more positive one.
The Baltic dry index has changed trend. So the earnings of the dry bulkers should have substantially improved.
control risk,
gh
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All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh