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Paragon Shipping Inc. Message Board

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  • furball_80110 furball_80110 Dec 13, 2011 11:38 AM Flag

    According to my calcs, PRGN best buy at the moment

    be prepared to watch this stock suck for awhile longer ...

    I sold off a different loser (JASO) for tax purposes this morning, briefly considered putting it into PRGN (dollar-cost-averaging) and then put it into STD instead. At least with STD, I *know* it will go up in the next 12 months (and if not, then I get paid a 10% dividend to hold it). IMO PRGN will not move up until there is significant consolidation in the shipping industry and the oversupply of ships is fixed. That's probably 2 years out.

    This is just the wrong sector to invest in.

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