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Navios Maritime Holdings Inc. Message Board

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  • cag1954 cag1954 May 7, 2009 12:03 PM Flag

    Healthy Profit Taking

    Agreed...even though I love this stock/company, I managed to avoid that clouding my judgement and sold at 4.71 yesterday with the intention o getting back in. Not sure where I will/would get back in but a drop to the 3.70 will deinitely make me start thinking.

    Besides the obvious "take money off the table", I also considered the price of this stock BEFORE the "shipping bubble" and found it to be in the 4-6 dollar range. My think was that expecting this stock to go back up to bubble levels (15 was it?) is like expecting the DOW to go back up to the 14k mark sometime soon.

    The logic didn't suit me.

    Great company though...

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