Its been a good run. Time to absquatulate. I sold out of all GSL positions today. Rocky had bought in early on the downslope at $2.46 and $2.08, and then I doubled that up at $1.79
just to irritate him. It's not often I get a better buy than he, and I even got to gleefully tell him he was 'underwater' there for a while. That is always a rare occation, and I cant help taking advantage of it.
Ever since its gone back over $2.50, he has been sending me weekly emails from the Aquarium to take him out for an icecream cone. Probally just so he can tell me that he is not underwater anymore. I haven't fell for it. He is very sneaky like that.
Leaving Costco behind, with cash in the trunk, and wiping the mustard off my cheek. I didn't even put my cart in the red corral thing, because like Obama said, we have to create jobs. Maybe I will take him out for ice-cream after all. Sprinkles are extra.
Cale did you miss this 100% move for your gator riders?
"But those who feel late to the party shouldn't exactly be fretting, either. Even if you bought shares at the close yesterday of $4.60, your annual dividend yield would be 6.5% at the $0.30 a year rate; 13% at the $0.60 a year level; and 20% at $0.92."
You fretting feckless 'folio flopper you, Tarpon man, its a fish, no its a bird, its a plane, no it is a feckless 'folio flop, lol. Can you show the sheep again how you calculate the annual div yield on your abbacus?
Still sucking wind over here I see. Not really Costco, not really Macys. If it goes below $3, its toast.
Look at it this way, the ships could always make great artifical reefs, especialy the bigger ones. Is there a market for that?
I'm smelling toast right now. Not about the stock, my wife just made eggs for dinner. Here in the LA area, we have many Red Cars being artificial reefs off the coast. GM bought them and dumped them in the ocean so we would all need to buy cars to get around. I'm not makin' that up.
Still looking for GSL to drop, which it will.......Dave
I think I told my MSFT story from 1986. I was happy with a one yr double. Yeah right. Worst mistake I ever made was to sell.
However, it is clear that GSL is not producing software needed by every computer in the world with exploding numbers of users, at 50%margins either. Saade could go gambling again. Ian could buy 50 ships at double fair value, and do a secondary. N. Korea could launch. Who knows. Cash is always good to have.
nice trade that is the price i had in mind when i started buying last year.but i had to keep buying as it crashed i was happy to get out in the green . 2.96 to 3.15.now it looks like the mkt is going back to the fear trade
I ended up selling half my shares (basically my trading shares) a while ago at the $3.3 - $3.40 range. I ended up regretting the move since I moved the money into another investment that has been trading water while GSL kept going up. After today's thrashing though (on low volume) I guess I'm back to break even on my move. Just another chapter in the book of why it's not worth the time/energy to focus on day to day moves, at least for me.
OT, Sophie conducted heart-attack-inducing move #2 this evening.
For whatever reason, maybe just because she thought she could pull it off, she jumped off the back balcony into the courtyard. Fifteen feet. Into a chair with cushions. I at least hope she planned it.
She is a pretty quick and thoughtful cat. I doubt I ever wrote about the time she caught a hummingbird. (I was there when she did it, got the bird out of her jaws, and it flew away traumatized but uninjured, it seemed. What an experience.)
Heart cattack #1 was when she ran through the house on the second floor, missed the turn to the stairs and instead went straight through the spindles and dropped 12 feet to the tile floor below. I ran down the stairs to find her sauntering off as if nothing had happened.
Ain't that a cat? Pretty Pastel Polish
Princess Paws. And she still tells me Rocky's origin is igneous, so she still is not interested.
You ever post your misses?.............Dave
Jake, today, after 3 days of declines, PPS is 3.00 . Do you wish that you would have used both eyes while eying the exits?
Rocky wants to get a parakeet. I am trying to talk him out of it.
I have to admit that I sold very small GSL positions at $3.50 and $3.55, but am still holding the vast majority of my GSL.
I completely sold out of GASS, but am not adverse to getting back in at some point.
Still holding all my TNK aquired at $4.90 (less a bunch of divies) but that is a tiny position compared to my GSL.