Thanks to all who made this possible LOL! You could make a ton of cash just trading these stocks... Recovery for the shipping industry is around the corner. Educate yourself and do some DD. I can't believe these stocks have dropped so much.
not so sure the recovery is going to happen as quickly as some would like. This thing fell so far, so fast that it has yet to consolidate and form a base. It has recent;y charged 15.00 twice and was repulsed. So do we operate on the assumption that 12 is the low and it will base in the 13-14 area, or could there be yet another leg down. With the pe so low one wouldn't think it could go much lower but we all said that at 30, 25, 15 etc.
I actually had this in the 20's, but I sold it. I guess that was a good thing. Lost my ass on WaMu, but that was pure gambling. Don't forget about the dividend making this even better. November turn around will be the tell all.