lol. like i said, mental midgets. he even thinks that expanding production from 7k to 10k will increase capital costs significantly, despite them having the capacity to do so already.
unfortunately, some people you can't help no matter how hard you try.
that's the beauty of internet message boards. all of the mental midgets come out.
I'm looking to add my final lot at $5.6 to $5.7. Probably when the BDI drops to 1,100 and all of "the Flys" lemmings bail...right when they should be adding more.
per the head pumper (i,e "The Fly"):
"I sold down more of my BALT and now hold very little. My opinion changed when the facts on the ground changed. If you followed me into BALT, you’re still up big, so no complaining."
Keep in mind this was the same person that was pumping the stock incessantly one month ago while quietly selling his shares to his unsuspecting readers that were buying it.
I think you for your impatience. I had been lurking waiting to get long BALT for a while and am glad the head pumper finally bailed - this was the last catalyst to get me very bullish on this stock. The reason why people can't make big money in the markets is they lack patience. Did you know that at today's spot rates for an entire quarter, BALT will be able to pay a dividend of $0.20 per quarter when they have all of their new ships on board? Keep in mind that within 6 months they will have a fleet expansion of almost 100% vs Q3 2013.
I hope you have more shares to sell "Fly" because I will be loading up more and more.
Best of luck to you.
And yet bulls keep pumping. Too funny!
Fall peak is in yet again. No one is prepared for 1,000 BDI rates.