compared to euro its 6 but euro isn't exactly a pure play like fro[ excluding rigs] is.therefore when rates go up an bunker keeps falling we blow euro out of the water.if these things happen we are the best an biggest tanker play avaiable in the stock market/.apparrently a lot of funds think so too.just look at all the new funds in fro on nasdaq site.
apples to apples it makes fro worth about 6 bucks if merger were in place today.throw in fact fro will start declaring a divy the price goes up/thinking 10ish in a year if things go right.
these people are professional shorts.they'll try an contain the price an dropp it from time to time to run off as many weak hands as possible.but in the end numbers don't lie/they have to buy back 14 million plus shares sooner or later.an truth is they made a mistake.their bet was this company would bust an that didn t happen.fro goes A LOT highrer over time.
rates going to fly an surprise everyone
betting its over 400k and i know most of it came in around 2.40..meaning they were used for price containment and are already at a loss.
up to 14 millionnnnnnnnnnnn.be patient an stick it to them.they'l screw themselves today by shorting the bump instead of covering it.way it works with them,bigger gains coming for those who have patience.
hold on to this stock.going to go a lot higher.be patient with the ups an downs.the big money will be made by sitting tight for a few years.
they should try an drive it down or at least surpress any rise.if the numbers r good be patient.stock will go up accordingly.don t let them run u off.