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EXCEL MARITIME CARR Message Board

  • cthescot1 cthescot1 Mar 16, 2005 12:58 PM Flag

    Mr. mccorkmick

    In my message of 6864 I wonder why you didn't answer. I believe you know the answers, but with do respect sir, why stonewall me?

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    • <<For some reason it appears EXM is trading at a discount.>>

      The reason is fairly simple -- even the company knows the shares have been overpriced.

      In December, EXM was trading at $35 and the company priced an IPO at $25.

      This month, EXM was approaching $28 and the company did another IPO -- priced yesterday at $21.

      I suppose one could argue that $21 is now "fair value" but given EXM's complete disregard for shareholders I would want a pretty healthy discount before buying again.

    • There ar over 7,000 hedge funds now doing business and they account for 50% of the trading volume. Compre this tanker stock to others. For some reason it appears EXM is trading at a discount. A buying opportunity or a weak hull in their ship / business model?

    • the snob appeal might be important

      better to be listed on the Dow than NSYe
      you get every fund investing

      probably better to be in the nyse than amex for the same reason

      more funds investing

      dont know for a fact but that would be my spectulation

      i think the amex will have a great summer however.

      some of the gold stocks are looking attractive

      GRU AIRT EXM all are looking very good here soon.

      i think the AMEX is the place to be this spring thru summer

    • you guys are unbelievable,anson is trying to look at exm not thru rose colored glasses.aren't any of you concerned by the performance of this stock.it has acted horrible breaking support levels everyday.i just kick myself for hanging in here.i just hope we are not at a turning point and the whole sector takes a dive.i respect his point of view and also that of paytow.i am a little suspicious of mcCorkmick however.

    • "There's a big difference between mutual funds and hedge funds.

      Mutual funds make money by buying and selling stocks.

      Hedge funds make money by buying, selling and shorting them."

      Any shrewd investor uses the tools available to them - I'm a one man hedge fund, genius...what are you?

    • <<IF hedge funds now own a good pportion of EXM it's because they can make money - strangely, I like that notion along with most other posters here.>>

      There's a big difference between mutual funds and hedge funds.

      Mutual funds make money by buying and selling stocks.

      Hedge funds make money by buying, selling and shorting them.

    • Why would it help the Company want to be listed on the NYSE? I am not saying I do not believe that it is not important, but other than snob appeal, give me some reasons. I believe there is a good answer to this question, but do any of you know? I doubt it.

    • "And what is it you said investors should do when people are greedy? They're doing it now."

      You come off as a noob with no trading experience. Boldly citing old data and refusing to apologize for misleading others. Do better DD before you come on here reading hte riot act to people.

      You appear to want to debate immaterial issues as though Hedge Fund identity will help you in your purchasing/selling decision - some moral predeliction for avoiding people who make money.

      You think this is fear? You're out of your element describing today's activity as fear-selling. IF hedge funds now own a good pportion of EXM it's because they can make money - strangely, I like that notion along with most other posters here.

    • By the time you find out that some "big" mutual funds are in this, the run up will have already well begun.

      Good luck to you, young sir!

    • Fair enough, the data is a few months old. Mutual funds are only required to report quarterly and the information I posted is the most recent available. I'm not going to guess or speculate (as too many people do here). I'm only interested in facts. And the facts tell me that at the end of 2004, hedge funds owned 4000% more shares of EXM than mutual funds did.

      Why?

      If mutual funds were not interested in EXM last December when BDI rates were at all-time highs why would they buy now? And on the heels of a massive dilution?

      As for the greedy and fearful, look back at the posts on this board over the last few weeks. A lot more greed than fear. And what is it you said investors should do when people are greedy? They're doing it now.

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