The Capitalist Newsletter – November 17, 2016
DRYSHIPS LEADS THE WAY AS GREEK SHIPPING SURGES; BUT DOES THE TREND HOLD WATER?
Winners & Losers
– Globus Maritime, Ltd. (GLBS), Another Greek Shipping Company, Skyrockets UP (188.06%) Following the Momentum Built Up by DryShips, Inc.
– Endologix, Inc. (ELGX) Sinks DOWN (20.53%) After FDA Asks For More Information About Drug Instead of Granting Approval
The TIP Sheets
– Wednesday, November 16th
– JPMorgan Chase & Co. (JPM) Shares Fall DOWN (2.47%) on News Donald Trump Tapped CEO Jamie Dimon for Secretary of Treasury. Dimon Formally Turned Trump Down Wednesday Evening. Expect Shares to Bounce Back UP
– PDL BioPharma, Inc. (PDLI) Falls DOWN (18.01%) on 22m Shares Traded After Announcing $150 Million Convertible Debt Offering. This Should Have no Impact on its Future Share Price. Look For Shares to Bounce Back UP