Fly didn't shut me down. He just resorted to name calling and pumping.
Look at the BDI. It peaks in the fall every single year for the past 5 years. Are we in the fall right now? Only pumpers compare the current prices with the peak in 2007 which was the same as the 2000 Nasdaq bubble.
same exact post:
"Are you the new board clown? You sound like one. Do you need some big, red, floppy shoes? How bad are you getting killed on this pig and FRO? Did you listen to that moron Lightson1999 or whatever his latest name is and buy these last week?"
jolynnftfhsieh created today.
I wonder how many aliases he has. And why a so called expert would bother creating aliases?
Ugh I hate know it alls like you...especially parasites that feed off the unsubstantiated rumors of fraud by hedge funds...
"According to a study done by professors at Stanford University, the University of Toronto, and Peking University, Chinese reverse merger companies listed on U.S. exchanges are not considered to be more toxic than similar U.S.-based firms. In fact, the report goes on to say that they have performed as well as or better than comparable companies trading in the United States"
I've been watching GPRC for a while now waiting for more information on the Green Fence initiative in China. I think this has been stalling their growth while the government clamps down on companies not compliant with governmental import rules. I know that Green Fence is due to expire this month.
If you read through their filings they go into depth about how they treat their imported plastics and waste water. From what I've read a good deal of plastic recyclers in China are mom and pop shops / sweat shops that have no controls over pollution. I'm still waiting on jumping in until I get more clarity but does anyone think there is a chance that GPRC benefits from this? Is there a chance they become one of a small group of approved companies that countries can export waste to?
after hours. Was feeling stupid for selling in the 4.70s the other day but taking this as a gift. I think this can be a high flier eventually because they were formed after the great crash and don't have the debt and old ships others in the industry have. They're able to take advantage of opportunities like this one today where others are shrinking to stay alive. long term picture is quite good for them though because supply growth is falling substantially and is below demand growth
And this is all on a day when every other shipping stock is up 3 to 7% and the market is up huge on the back of good economic news which should help the baltic dry index.
How does this sell down all day long every day? The earnings report was solid, balance sheet is solid, trades at a big discount to NAV, yet it just keeps selling off. Life's too short. I don't need the aggravation.
What are people thinking? Seriously. It's now down 12% from this morning's highs. I listened to the conference call twice and things are definitely looking up. So what gives?
What's the deal with the selloff? Revenues up almost 50% from last quarter on a moderate increase in the spot rates. Industry trends are quite good for the first time in a while, with iron ore inventory levels low and demand rising, ship demand outstripping supply...all of these haven't been in this industry in a long time.
They are buying ships with the potential for 50% returns on their money in the current market.
So what gives? Why the heck would this sell off today?
Anyone know why this performed so well today relative to DRYS / EGLE / GNK? Is it because they have a better balance sheet and leverage to the spot market? That's what I gather but I can't quite figure out why the outperformance. It's being treated similarly to DSX and NM.