I will give You THIS as far as Shipping companies Go........You MISSED out on all the Good One's I THINK PRGN is Getting CLOSE to a Buy, but in the meantime DRYS and EXM are MUCH Better investments right now. SFL? I will have to look at that one since It will Probably Go UP :)
PRGN is both a value and technical purchase at this point. I buy on breakdowns of 3.50. We are however still fighting headwinds from the stock sale, though i disagree with capital growth. Accretive acquisition is the way to go!
Anyhow, technical buyers have plenty of time-- they can await a breakout of $4/share to safely get in.