The Shipping Sector: Penny Stocks Are Full Steam Ahead

Again we come back to one of our best penny stock picks from 2010 OceanFreight Inc. (Nasdaq: OCNF), a dry bulk shipping company whose shares were just $0.48 in May, 2010. OCNF was acquired by DryShips Inc. (Nasdaq: DRYS) in July of 2011 for $19.85 per share. Why is that pertinent?  Because on Tuesday, almost every small cap shipping company had coverage initiated by ...

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You’re An Idiot If You Don’t Buy This Nasdaq Penny Stock

In 2010, we saw the same thing happen; OceanFreight Inc. (Formerly OCNF on the Nasdaq), a dry-bulk shipper out of Greece, got hit with the Nasdaq letter notifying them to lift their share price above $1 for 10 consecutive days or pack your shit. OCNF, then trading at under 60 cents did what it had to do to comply and the share ...

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