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Euroseas Ltd. Message Board

  • txandco txandco Nov 29, 2013 9:14 PM Flag

    ship purchases...

    I want to see before the end of January ESEA's ship purchasing plan if not one that has at least been partially executed.

    I have NO idea how long this sort of thing takes, but an idea of where they're headed would be helpful. Timing is critical, acquiring ships right as the BDI increases will be a fantastic positive for this thing. I'm currently down overall, but am long and the one of the only reasons I moved cash into this was b/c of their financial stability and low overhead when compared to peers.

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    • couple of things: 1. it looks like I got what I asked for above. 2. it also appears as if i'm talking to myself........again. :)

      • 2 Replies to txandco
      • txandco, I'm not an avid poster but I do appreciate your posts. I've been building a sizable long position for the last three months and also see the buy as a sign of management confidence and a strong positive. If the market doesn't see it that way, then I'm glad for the opportunity to load up as I close other positions.

        ESEA follows the usual pattern for ignored stocks - a slight burst of interest at earnings time followed by a downward drift between reports. I suspect we'll see one or two more of these cycles before the stock wakes up.

        Though it's far from my most important criterion, I've learned to view post activity as a contrarian indicator. When there are no posts for days on end except "What's happening with this dog?", it's a good time to buy. When the posters come out in force to tell you that this babe about to go through the roof, it's time to head for the exits.

        Sentiment: Buy

      • Whats up tx I visit this board quite often..its always so quite. Im confident on this stock, as well as the sector going forward. Maybe take some time to form, but it will get there..

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