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Golden Ocean Group Limited, Prior to Merger with Knightsbridge Shipping Limited Message Board

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  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Feb 7, 2009 11:59 AM Flag

    52 Million Shares

     

    I think that a satellite-eye view, not just a bird's-eye view, helps.

    Shipping is cyclical.

    Psychologically, it is difficult to work up the courage to buy when it's low since the ultimate low can easily be well below one's purchase price. (That's the case with me. I'm fairly sure I saw trades below 40 cents after my purchases, and my average cost is well above that.)

    What may be even more difficult is selling when the dividends are flowing, the share price is up, and it looks like blue skies forever. Catching the top is as unlikely as catching the bottom.

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