Follow Shipping Stocks? - Page 16

Brat · 11-13-2008, 04:49 PM

Interesting thread from Google Finance: Google Finance: Navios Maritime Holdings Inc.

**Gumby** · 11-13-2008, 07:27 PM

Quote:

Originally Posted by 73ss454

Hey Dawg, I'm holding 4000 at about 15. Make you feel any better that you're not alone?

1700 shares at 14.71

Ouch.

harley · 11-13-2008, 10:01 PM

Quote:

Originally Posted by Dawg54

Wow, you got me beat. I have 3,200 shares at 10. I'll take a med for you.

You know, I asked you to quit drinking Bud for a while. I had a buy order in at $50, and it was heading that way fast. Then you started the self medication and the darn stock has gone up 20% since then. Its the only stock I tried to buy that didn't make it down to my limit order. Thanks for nothing!

Dawg54 · 11-14-2008, 06:19 AM

Quote:

Originally Posted by harley

You know, I asked you to quit drinking Bud for a while. I had a buy order in at $50, and it was heading that way fast. Then you started the self medication and the darn stock has gone up 20% since then. Its the only stock I tried to buy that didn't make it down to my limit order. Thanks for nothing!

I should have bought the stock when I started to medicate.

Lakedog · 11-17-2008, 08:30 AM

Quote:

Originally Posted by Dawg54

Wow, you got me beat. I have 3,200 shares at 10. I'll take a med for you.

I own some NM too (bought more around $2). Unless bankruptcy is in the cards (which seems very unlikely), this one appears way undervalued. Guess we will know more at the close today when they report earnings.

Dawg54 · 11-17-2008, 04:23 PM

Well here is the report on NM. Doesn't look too bad considering.

Navios Maritime Holdings Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2008: Financial News - Yahoo! Finance

73ss454 · 11-17-2008, 04:30 PM

Yup, with any luck we could see the 2's and I'll only be down around 50K.

haha · 11-17-2008, 04:41 PM

Quote:

Originally Posted by 73ss454

Yup, with any luck we could see the 2's and I'll only be down around 50K.

As my old Grandmother used to say,"Jesus, Mary and Joseph!"

Well one implication is that you are very rich, so congrats on that.

Ha

73ss454 · 11-17-2008, 05:18 PM

Amen!

al_bundy · 11-18-2008, 07:34 AM

the bad news is that NM is burning cash

dm · 11-18-2008, 09:55 AM

I bought more NM at $1.65. I just cant help myself. I'll have to figure out my avg share price now. Maybe I'm below $10 now.

al_bundy · 11-18-2008, 09:58 AM

why?

earnings are down and they are burning cash putting them at risk for BK in the next 12 months due to negative cash flows from operations. they burned through something like $200 million in the last 9 months and have $121 million left

dm · 11-18-2008, 10:07 AM

I bought a whopping 750 shares at $1.65. My avg price is around $7. Not a big deal. Ive lost more than this in a month playing golf. I'm also adding some to GE and BAC. No real reason except I already hold them and bough much higher.

dm · 11-20-2008, 11:19 AM

Guess what, I own EGLE also. After this little 30% drop I'm down as much on it as NM.

Hank · 11-21-2008, 12:22 AM

Shippers Breaking Their Covenants - Forbes.com

BUM · 11-25-2008, 05:32 PM

Quote:

Originally Posted by 73ss454

Yup, with any luck we could see the 2's and I'll only be down around 50K.

I feel your pain 73 (we're on a first number basis). I'm using more shares of NM and EGLE as liniment.

haha · 11-27-2008, 03:01 PM

Ok ladies and gentlemen, I am piker compared to you guys, but I do have 4000 units and close to $10,000 in NM losses. Another $5000 or so realized loss would take my income below the threshold where I have to pay increased Medicare premiums (a back-door tax that falls only on older people with good incomes).

It seems to me that I do want to keep my shipping exposure- no sense buying high and selling low, when I know no particular reason why shipping should get much worse than is factored into NM's price.

I can get the loss I need for my objective by selling 2000 shares of NM. I could buy another 2000 units tomorrow morning, and sell 2000 just before year end, avoiding the wash sale rule. My risk is that I have somewhat more money exposed in this stock for a month.

Another idea is to sell 2000 NM, and buy a similarly safe (or similarly unsafe) shipper that is also cheap.

Any ideas as to candidates for strategy #2?

Also, will I be OK as to wash sale if I buy NM tommorrow 11/28, and sell some NM on Dec 31? Looks to me that this should be OK.

Ha

Lakedog · 11-27-2008, 04:08 PM

I own NM and think they are better positioned than most in the sector (to weather the slowdown), so I like your idea to buy more now and sell some after 30 days. As long as you wait at least 30 days, no wash sale issues. Plus, you would also get the dividend on the additional 2000 shares since it goes ex-div on 12/18.

brewer12345 · 11-27-2008, 04:43 PM

If you want another option, I like (and own some) ULTR, which is arguably riskier although more diversified. Other possibility which I have not fully investigated is HOS.

Leonidas · 11-27-2008, 06:42 PM

I bought some PRGN a week ago and still like it for the time being. But it has gone up about 70% this past week so you may want to consider the possibilities that it could re-test its low before buying.

11-13-2008, 04:49 PM	#301
Brat Thinks s/he gets paid by the post Join Date: Feb 2004 Posts: 2,869	Interesting thread from Google Finance: Google Finance: Navios Maritime Holdings Inc. __________________ Duck bjorn.

11-17-2008, 04:23 PM	#306
Dawg54 Thinks s/he gets paid by the post Join Date: Feb 2005 Location: Mississippi Posts: 3,338	Well here is the report on NM. Doesn't look too bad considering. Navios Maritime Holdings Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2008: Financial News - Yahoo! Finance __________________ Full time golf bum.......

11-27-2008, 03:01 PM	#317
haha Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Apr 2003 Location: Seattle Posts: 8,814	Doin' the tax loss tango Ok ladies and gentlemen, I am piker compared to you guys, but I do have 4000 units and close to $10,000 in NM losses. Another $5000 or so realized loss would take my income below the threshold where I have to pay increased Medicare premiums (a back-door tax that falls only on older people with good incomes). It seems to me that I do want to keep my shipping exposure- no sense buying high and selling low, when I know no particular reason why shipping should get much worse than is factored into NM's price. I can get the loss I need for my objective by selling 2000 shares of NM. I could buy another 2000 units tomorrow morning, and sell 2000 just before year end, avoiding the wash sale rule. My risk is that I have somewhat more money exposed in this stock for a month. Another idea is to sell 2000 NM, and buy a similarly safe (or similarly unsafe) shipper that is also cheap. Any ideas as to candidates for strategy #2? Also, will I be OK as to wash sale if I buy NM tommorrow 11/28, and sell some NM on Dec 31? Looks to me that this should be OK. Ha __________________ "Show 'em just enough to win the turkey."- Former KY Governor Bert Combs

11-27-2008, 04:43 PM	#319
brewer12345 Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Mar 2003 Posts: 9,365	If you want another option, I like (and own some) ULTR, which is arguably riskier although more diversified. Other possibility which I have not fully investigated is HOS. __________________ “When you realize that you are one of the rare few who observe moral principles in their relationships with others, there is a temptation to sink into amorality, not out of conviction or pleasure but simply to avoid further pain, because there is no greater suffering than being an angel in hell, whereas a devil feels at home wherever he goes.” – Martin Page, How I Became Stupid

11-27-2008, 06:42 PM	#320
Leonidas Thinks s/he gets paid by the post Join Date: May 2006 Posts: 1,311	I bought some PRGN a week ago and still like it for the time being. But it has gone up about 70% this past week so you may want to consider the possibilities that it could re-test its low before buying. __________________ "If everything is under control, you are going too slow." - Mario Andretti

11-17-2008, 04:30 PM	#307
73ss454 Thinks s/he gets paid by the post Join Date: Oct 2004 Posts: 1,884	Yup, with any luck we could see the 2's and I'll only be down around 50K.

11-17-2008, 05:18 PM	#309
73ss454 Thinks s/he gets paid by the post Join Date: Oct 2004 Posts: 1,884	Amen!

11-18-2008, 07:34 AM	#310
al_bundy Thinks s/he gets paid by the post Join Date: Jun 2005 Posts: 1,430	the bad news is that NM is burning cash

11-18-2008, 09:55 AM	#311
dm Recycles dryer sheets Join Date: Mar 2005 Posts: 281	I bought more NM at $1.65. I just cant help myself. I'll have to figure out my avg share price now. Maybe I'm below $10 now.

11-18-2008, 09:58 AM	#312
al_bundy Thinks s/he gets paid by the post Join Date: Jun 2005 Posts: 1,430	why? earnings are down and they are burning cash putting them at risk for BK in the next 12 months due to negative cash flows from operations. they burned through something like $200 million in the last 9 months and have $121 million left

11-18-2008, 10:07 AM	#313
dm Recycles dryer sheets Join Date: Mar 2005 Posts: 281	I bought a whopping 750 shares at $1.65. My avg price is around $7. Not a big deal. Ive lost more than this in a month playing golf. I'm also adding some to GE and BAC. No real reason except I already hold them and bough much higher.

11-20-2008, 11:19 AM	#314
dm Recycles dryer sheets Join Date: Mar 2005 Posts: 281	Guess what, I own EGLE also. After this little 30% drop I'm down as much on it as NM.

11-21-2008, 12:22 AM	#315
Hank Dryer sheet aficionado Join Date: Nov 2008 Posts: 41	Shippers Breaking Their Covenants - Forbes.com

11-27-2008, 04:08 PM	#318
Lakedog Recycles dryer sheets Join Date: May 2007 Location: Lake Martin, AL Posts: 136	I own NM and think they are better positioned than most in the sector (to weather the slowdown), so I like your idea to buy more now and sell some after 30 days. As long as you wait at least 30 days, no wash sale issues. Plus, you would also get the dividend on the additional 2000 shares since it goes ex-div on 12/18.

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