Wow, look at GSL run!!
I submit that the investor criteria these days for shippers is not excellent growth, but firm sign of survival.
Stupid me, locked in the preferred. Cheers to common holders. (I might add some preferred).
Last year is last year. Relation to previous quarter is much more relevant. Don't get me wrong, I'm long GSL but I don't see any improvement over last quarter.
Yep - so long as one is focused on the short term - as the entire stock market presently is - things are great!
It's like meeting a girl in a dark bar after having a few drinks and taking her home and having great sex. Too bad you wake up in the morning and want to chew your arm off to get it out from under her.
Fortunately will GSL the nights are long like living in northern Alaska in the winter. Might as well have a good time in the dark, eh?
Why??? Revenue DOWN from 4Q 42.6million vs. 44 million
Net Income DOWN 4.6 million vs. 6.2 million.
I wouldn't exactly call that blowout.
Trading, it's just trading. Extremely low volume, just a buyer or two. I did a swing trade with the common, now out. My focus is preferred, and though it's a slow slog, I am unconcerned about the daily prices (I added a few shares yesterday).
Can anyone venture an explanation (or a guess) why the common is doing fine while the preferred is headed in the opposite direction? Today's preferred volume was double average too.
Very nice trade, wish I had followed you in buying near $1. Not sure why GSL has rallied so much so quickly. I guess BDI and Harpex are seeing a bounce, but I doubt that will be long lasting. Global trade is not exactly en fuego. Still, nice trade.
good trade. Good luck.
Right now some appear to be selling preferred and swapping to common, which was a good move a few weeks ago. With decent earnings, I see preferred legging to that $18 within a couple weeks; Not sure about common, though it should hold. The question I have on common right now is whether this move in part an earnings season pumpNsell. Shipping indices still moving north, that's good.
Rockys parakeet pecked on the sell button, I am out at $1.90 for a 70% 20-day gain. Rocky says too far too fast, RSI is 78 eight white candles out of nine, medium volumne, and believe pullback in the cards. Are you a trader or a 'vestor?
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