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Genco Shipping & Trading Ltd. Message Board

  • masterwallstreet masterwallstreet Sep 11, 2013 12:49 PM Flag

    I am playing it safe

    In my opinion only I am playing it safe. I sold 20% of my holdings on this stock. I still believe that this stock could go a lot higher and break new 52 week highs. This stock is way under valued. As an investor, when you find another opportunity to put some of your profit to work, that is why I decided to sell some shares and play it safe. This stock has been running for about 2 weeks. We could see a little pullback. I had bought some more shares of Euroseas ESEA. I feel that this stock has a lot of opportunity to perform as well or better than Genco. This company ESEA is more financially secure. It is trading ridiculously low float and low price. The stock has been hot the last couple days. It is breaking new 52 week highs. The volume is increasing 4 to 5 times than normal. The last 2 days this stock gapped up. You could buy 3 times more of it because it is trading 1.60 now. I am not telling anybody to sell. I still hold a lot of shares. It would not hurt to look into this stock or buy some shares with profit. This is my opinion only. Do what you want. Always do your own research. Also it does pay dividends if your investment goes up your dividends go up too. That is pretty amazing for a 2 dollar stock

    Sentiment: Strong Buy

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    • I am also and bought . the sector as a whole is at all time lows. China is coming back on line and the BDI shows improvements in securing shipping . 9 Capesize, 8 Panamax, 17 Supramax, 6 Handymax, and 13 Handysize drybulk carriers with an aggregate carrying capacity of approximately 3,810,000 dwt. The company, through its subsidiary, Baltic Trading Limited, operates a fleet of two Capesize, four Supramax, and three Handysize drybulk carriers with an aggregate carrying capacity of approximately 672,000 dwt. CHINA demands goods and raw materials. Their housing and industry will pick up. THE SAFE PLAY is to have enough shares.

    • But ESEA is not a drybulker for the most part, it's a boxship company. For that sector, SSW is and has been the best.

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