Audi and all these bashers are doing nothing but making noise. I made money on EXM twice in the past 10 times of investment in 2004 and 2007 buying around $5 and selling at over $50 per share. Banks gives hardly 1% APY here you can get 100 times return $1 : $50 easily. Unfortunately I couldn't make much money earlier due to little investment amount and I had no experience and how stock market works. This time I am full loaded kept averaging down from $5 to $0.70. Not going to sell less than $50 no matter I loose all my savings, In fact I have already lost more than 50% of my saving due to the below mentioned reasons. I know it could be gamble so what life is the biggest gamble you come empty hand and go empty handed and best part is you don't know when it could be as soon as your are born or max around 100 yrs..
Shipping is a cyclical Industry charter rate has to over shoot no matter what Audi or anyone else says they cannot dictate or control that. sooner or later between (2015 and 2017) Law of nature, demand vs supply. The moment supply vanishes charter rates will boom up and supply has to/will come down no one can stop that. Ship owners are not idiot that they are signing short term charter rates or keeping ship on spot rate, they are also waiting for the right opportunity so that they can go long.
Look at Black rock/GS/Hedge funds/BAC/MS/JPM what these guys do just nothing they say we are bankers/Investors but make tons of money at the cost of retirement /life savings of innocent people Even today they are grabbing you shares each and everyday not showing on the books of institutional Accounts but keeping in their private account that is why it is showing low institutional ownership. The same shares will be transferred into institutional Accounts at $50 when right time comes and they will become millions at the cost of innocent people.
Sentiment: Strong Buy
TC 52,404 01 3-10/4 E MED WW 3-5 MOS USD 13,000 DAILY NOBLE.
TC 76,500 13 10-14/4 PUSAN WW 6-8 MOS USD 12,500 DAILY GLENCORE
TC 52,478 01 3-10/4 E MED WW 5-7 MOS USD 11,250 DAILY HUDSON
We all had our shot at great stocks cheap back then. I had WMB (Williamson ) and APL for around 5 dollars with ERIC (Ericson's) around the same. Now they are 35 and 40 dollar stocks. GNW and a few financials were doubles for me also. the market gives you extreem values opnce in a while. My mistake was to sell them for doubles. I also see the same thing here. Some shorts may make a money on a 10% pull back here next week but, the majority will make a killing a year or two from now.
Mark my words. time will tell who is a liar. At least I am disclosing what my interests are in EXM. You are not even telling why you are so much interested in EXM. so even layman can understand who is a liar :)