got another 45504 at $0.26, saving one ten-thousandth of a dollar per share from my previous buy at $0.2601
that'll buy a double-double and a shake, maybe.....
Yes--the most meaningful trade today will be me buying 5k at $0.2601 if I can get the rest filled. That's over one thousand three hundred bucks!
Yeah, longtimefollower's looking pretty stupid now, isn't he? It's sure good to be long instead of short. Did you know that your potential loss on a short position is unlimited? Not that I have anything against short-selling--I do it myself from time to time, but shorting this one at the current price is a Really Bad Idea.
Well, you can rest assured that you'll be fine in GDOCF.PK since I've bought in, and I never make mistakes--at least not small ones.......
The difficulty would be that Golden Ocean would not be able to claim to American National that Golden Ocean had suffered any damages when its ship sank since its huge hold had been full of overpaid executives instead of iron ore, the benefit of whose sinking would more than offset the loss of any ship. In fact, the IRS might argue that the event generated taxable income for Golden Ocean.
The idea is to anchor the ships as the shareholders enter the huge hold and then to move the ships through rough seas to make the shareholders queasy when question-and-answer time comes. For extra-tough questions, the bear is prepared to ram an iceberg to interrupt the questioner's train of thought.
It is a shame that Mr. Fredriksen ( http://en.wikipedia.org/wiki/John_Fredriksen ) chose "Cypriot" over "Arctic" in leaving Norway. The bear would have allowed him to occupy a luxury hold all by himself. He would not have had to share the hold, as the shareholders (or would it be holdsharers?) will at their respective annual meetings.
Today I staged a fight between some buy orders and some sell orders. The buy orders won, leaving me with more shares at the end of the session.
They've tapped the credit line for another $28 million to get inventory--the buildup for Q2. That brings their credit line debt to $36.5 million. With $163.5 million left available, fear of bankruptcy is unjustified.