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EXCEL MARITIME CARR Message Board

  • h_grant_h h_grant_h Nov 21, 2007 7:29 PM Flag

    Bad track record

    In 2005, EXM dropped from $65 so fast, and eventually, it got to single digit in about 12 months after that.

    Now, the history is repeating - it dropped from $80+ to under $40 even faster this time.

    If history is any lesson, this stock may have another $20 to shed, at least.

    I shorted it over $70 on its way up, but got stopped out and lost 1 point. Didn't get around to re-short it, and next thing I saw? it's left me without a bounce! Too bad I missed such extraordinary short sale.

    Timing is everything. With its horrible history, I don't want to go long here either.

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