Stock never saw 1.60 all year. I did guarantee you'd make money buying there!
Added at 1.60, that was the low print since the crash
by kemsixty • Dec 28, 2012 10:13 AM
Other bid at 1.54, you can buy around here and guarantee you''ll make money
yeah, that makes a lot of sense. take $$ out of one that's about to break out and put it into one that's running on daytrader momentum. You should stop listening to Fly and start listening to Audio about BALT
Go enjoy the holidays and come back January 2. This is tax selling, front running of same and penny flipping. Mostly by computer. You should watch the ticker and see all the prints of 13 and 14 shares. It is utterly meaningless. If you have some money, get in there and buy some (bid low) but otherwise, don't read anything into it. Seriously. People sold me DRYS last December at 1.53 and it was 2 in the first week of January.
Let me tell you a little story. KWK had a large holder, Southwest Asset Management. Billionaire master of the universe. He was selling a very large stake in it all summer and his selling was what drove it down into the 1.60s and less and held it there. After the idiot was finally done, the stock practically doubled. It's good to get rid of these clowns.
Been talking about this all year. The stock was 3.80 when GE made the OCNF acquisition. That started the downfall which bottomed last fall. There are a lot of people to clear out from that point to 1.50 and then back to 3.80. Once they have sold, it will go and then 3.80 will become support again. It's a huge, huge level historically.
Ha. I was going to make my New Years Resolution to stop beating on him but now I think I won't do that.
LOL, not me, brother. I've turned down offers like that since 1995. I don't want to be responsible for OPM.
Tax selling about done. It's cheaper than DRYS and has as much if not more upside potential. Just sayin'
yabadabadoo360 • Dec 18, 2013 10:32 AM
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Going long with shipping rates falling is dangerous!
Again, being defensive, and selling into any strength that occurs in this situation would be a smart move to consider. Two Seeking Alpha puff pieces come out this morning after the stock drops, and the stock rallies back up to around yesterday's closing price, the $3.58 to $3.60 range, not much of a rally, and a logical place for it to go to, but it's just another good opportunity to sell into strength with shipping rates now trending down once again. GLTA Less
yes, but we must think of the Panamax you know! LOL!!!!!!!!!!!!!!!!!!
I think they're trying to hold back the floodgates from getting to the 4 strike today or tomorrow. Yes, the 4 strike.
There was a lot of buying at the 3.49 and 3.50 pullbacks this week