Well, I come home today, wake up Rocky (I brought him a small bucket of KFC) find that I'm a GSL'er again! Bid got hit close to end of the day, in at $3.96-3.95 level. Where are the party poppers and the spiked punchbowl? Maybe we need Z for that, lol.
I have had time to re-evaluate GSL from a risk assessment POV, and although they are still a one trick pony not to be strongly married to, with CGM cleaning up their act, some breathing room on the debt and NB side, and Saade having had his fingers whacked being a naughty boy playing the Oil game, maybe its a little better. If Zim comes thru, maybe even some more rev and bottom line earnings. At least it looks like all the (dumb) dividend chasers (DDC's) and amateur equity fund managers have ran out of money,(yes that's you Kale, you 'gator watcher, lol) allowing value to return to a sensible level. Now 16 straight down days out of 17, RSI 20. My gut says up from here, from this low volume selling.
I know I'm naive, but I just can't imagine GSL trading much below where it is right now given all the news affecting it. Shipping stocks having troubles the past few months as a whole, but at some point financial facts will take over and save the day (at least for some of them).