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Top Ships Inc. Message Board

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  • twalter33410 twalter33410 Nov 16, 2007 9:20 AM Flag

    Top Tanker Question

    Thanks Howler...is this a buy now here?

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    • I would say unequivocably that this is a BUY now. That is what I meant by Double Down. If you have an average cost, for instance, of $6 and you buy the same amount of shares as you presently hold but at say $4.40 you bring your average to $5.20 and you won't be waiting til $6 til you are in the black again. Some here will say that I ALWAYS am saying TOPT is a Buy, but that is just not true. I posted right here when the stock was at $8.20, awhile back, that I was taking partial profits, and have done this on other occassions also. A poster named Stocker knows that I recommended he put a stop loss in on his position at $7.00 when we were at about $7.50. My recent purchases were at $5.05, $5.85 and $6.38 so I am not infallible either, (Never expected TOPT to see under $5. again), but the market, as you know, has ben very volatile as of late and Suzie rates bouncing around all over the plce hasn't helped either. The latest (3rd) quarter came in even lower than expected but this was a consequence of TOPT deciding to take all drydocking as an immeditate expense instead of spreading it over future quarters. With the Dry Bulker purchases coming on stream this stock is headed way higher in 2008, a definite BUY at these prices. If my Gold stocks were not so solid I would be cashing some in and buying even more TOPT at the current prices as I believe this is a long term steal, and probably a least a 5 bagger.

 
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