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Knightsbridge Tankers Limited Message Board

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  • phughyoung phughyoung Mar 14, 2012 9:37 AM Flag

    now what

    Well, happy days are here. Have you looked at the stock price this morning?

    Like I said, these are effectively new shares hitting the market. They are in the process of being absorbed - at a 5% discount.

    Bashing me won't change that.

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    • What you are seeing today is a dump by idiot daytraders and other short term holders. In the nect few days or weeks you will a single 2mil share transaction fly by the ticker. That will be Goldman's private palcement of GO's stock into the hands of some mutual fund or other large buyer. If anything it will have a positive effect on the stock price in the long term because it may be a new institutional investor introduced to VLCCF. This is how these things work for all those newbies out there.

 
VLCCF
12.22-0.45(-3.55%)Aug 19 4:00 PMEDT

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