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Danaos Corporation Message Board

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  • chrisjcrash chrisjcrash Sep 23, 2009 5:58 PM Flag

    DAC should be investigated...

    Motley Fool articles rarely, if ever, influence stock movement. DAC was following SSW which started its rise just before DAC. That is why I purchased DAC, just before the MF article.

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    • I agree. Never seen Motley Fool fool these many people in to buying a stock. The volume of 5M shares withing 2 days is unprecedented in comapany's short history. Much more to this than Motley, or even waivers news or Zim news, I suspect. Today they gobbled up nearly 1M shares at $5.00, still more than 30% above when the current run started. It was only last week than it had trouble breaking 100K on a daily basis.

      This was some time in coming as the stock had lagged for months behind others - in the sector and outside it. So part of it could be the catch up. I wonder if a big player had been wanting to accumualte a considerable chunck and was having a go at it methodically and then panicked when heard waivers were imminent. The publicity and the momentum took care of the rest.

      We will see....the mystery deepens.

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