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Navios Maritime Holdings Inc. Message Board

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  • want2bik want2bik Jan 25, 2011 5:01 PM Flag

    Risk-reward don't get much better

    I do not own the stock anymore. I wrote a Jan $5 call and the stock was called away. I am not any better at picking bottoms than anyone else and didn't say I could pick a bottom. I do know this sector is a mess and there is no reason to be in a hurry to buy any of these stocks. Do you have a reason to buy this stock? Saying the stock is cheap is no reason. I want some kind of positive reason to buy a stock and there is none. This stock was cheap at $7.20. It is cheap at $4.80. It will be cheap at $4.50. What is going to make it turn around. Maybe the Baltic Dry needs to start up before you buy into this nightmare. The market has been strong and what do you think will happen to this stock when the market corrects? If it is weak now what do you think it will do with a weak market?

1.180.00(0.00%)Oct 21 4:02 PMEDT