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  • samsonp65 samsonp65 Oct 8, 2008 11:44 AM Flag

    That dive under $10, looks like 300K shs

    There is something REALLY WRONG with this stock. There must be trouble on the balance almost seems like their fleet is in danger of being repossessed.

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    • Did I EVER call this one right....jeesh. From $10 to 50 cents....a mere 95% loss....

    • It is not the company or the fundamentals. The regulators have been looking the otherway while the shorts continue to pound the stocks. Now since FED has lost its magic wand, there is nothing we can do but let the stocks go to zero. The stocks have been brought down steeply since the shorting of financials was banned. You can see the pattern. Just check the dates and the declines. There is also another dimension to all this. Think who will gain when the stocks lose this much value, financially and politically. If the markets go down and the economy looks bad, who will gain? There is more than fundamentals and simple market forces to this kind of action. I may be wrong. Only time will tell when people begin to do postmorten analysis of who did what.

      • 1 Reply to stocktalk001
      • Perhaps that's part of it, but in a global slowdown coupled with the size of the immense bulk-carrier floatillas these companies have created, we may see many of these ships docked-and-locked. Only the strongest carriers will survive...and this Bermuda-based, leverage-addicted company will not. It'll go down pretty quickly with their fleet being sold-at-auction.