IMHO, looks like GIOVINE CAPITAL GROUP LLC is now down to 1,178,859 shares according to 13G dated 01/09/12 in SEC. They had > 3 million last year.according to http://www.mffais.com/stock-owner/giovine-capital-group-llc.htmlSBLK was their worse holding....they had bought at an average price of 10 bucks...if they are done, methinks this stock will rise again...with the next bump in the BDI...if they are not done, methinks buying opportunity bigtime especially if BDI bump is slow, and Giovine is sick of the deal...I tend to be optimistic with a nasty streak of skepticism though...any thoughts from the board?
although i strictly trade from a technical aspect (and this chart/stock is RIPE to uptick), i appreciate your due dillegence and it seems to coincide with the chart/volume. thanks!
with each trading day i see the bid goin higher on this beaten down shipper, fundementals stink but technicals look promising,,,,,,,,,buy now and hold seems like a good strategem.