In case you have not noticed, there is little in the way of fundamental news or Analyst downgrades for NMM.
So why is NMM falling?
If you look at the 2 year chart, SEVEN times the traders have taken NMM down only to quickly recover.
So once again, the tail is wagging the dog.
It's callled a co-ordinated hedge fund gang bang based on nothing except they can move the stock up or down freely, aka market manipulation.
yes, it is easy to take in one direction. the problem as i see it is closing the trade. so you take it down by blowing a half million shs in. how do you buy those shs back w/o undoing all or more of your gain?? that doesn't seem as easy to me.
I sure appreciated the opportunity to pick up 1000 shares at $12.25