other are not down this much???
Spot exposure?Was just over at Platou and noticed that rates on cape fixtures are reported as off 25% apx in July. Other ship classes are also down, but not by as much.FFAs look lousy for Q4 2012 but pick up in the first half of 2013 before falling significantly in the snd half of the year.GNK needs sustained firming of rates. That doesn't appear to be "in the cards".
Don't worry so much. The whole sector is down. GNK well positioned.
It's the game. Will be $3.05 in a few days and $15 in 9 months. No big deal. IMO.
"It's the game. Will be $3.05 in a few days and $15 in 9 months. No big deal. IMO."You don't know the first thing about this company nor the industry in which it is involved. IMO.
i totally agree that is why i keep loading upbut no margin usedlet them weed out the weak handthe strong will smile at the end