Well, I'm OUT at $3.45 this AM -- taking my profit (small though it is)!!!
I still have 700 odd shares just for a flier if GE ever does make a positive move for anyone besides himself.
As I posted on another thread, take 45 minutes to an hour and view this link. Then you may understand the manipulation paranoia. It appears to be REAL.
Take 45 minutes to an hour and view this link. Then you may understand the manipulation paranoia.
Sold half of my DRYS at the opening to take profits (in my IRA where there is no tax penalty). Have the other half in a regular account. Now I'll try to pick near the bottom to get back in.
Wish me luck. LOL
OK, I just got stopped out of DRYS. I've been in and out a number of times since the summer of 2005. Made some money and lost some -- lost most recently! LOL DRYS is just too volatile for me right now. Since I'm trading in my IRA I cannot go in and out rapidly because I have to have settled a buy trade before I can sell (I generally fully invested).
So, since I still like the Bulk Sector I'm looking for a more stable company which pays good dividends that I can relax and just let sit there in my IRA for a while. At least until we find out if ye really are headed for (in) another recession or not.
I've got a small stake in TOPT and like what they are doing by expanding into Bulk shipping. I'm also long, holding QMAR, EXM, NM and DRYS and gritting my teeth. I plan to ride it out until after the first of the year before making any moves.