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dm · 05-18-2008, 06:20 AM

Thank's for your thoughts, I'll just keep watching them for awhile. The shipping stocks have pushed me into positive territory for the year, so I am happy.

Now if some of those bank stocks would get on board.

Art G · 05-19-2008, 08:59 AM

You may also want to look at SFL and VLCCF. Nice income while you wait. JMO

dm · 05-19-2008, 08:23 PM

If got alot of SFL that was spun off from my FRO holdings.

kbst · 05-19-2008, 09:03 PM

I got some too. Gota love that FRO. Up 89% for me and that great dividend.
kbst

Art G · 05-20-2008, 09:48 AM

I also got SFL from the FRO spin-off. However, I recently dumped my EGLE and added more SFL instead.

CCdaCE · 05-21-2008, 10:10 PM

What about DHT? Profit looks good in the rearview mirror. Have they become too diluted?

-CC

CCdaCE · 05-22-2008, 07:58 AM

Ran across this article on marketwatch. Summary is: A daily gauge of ocean shipping rates that serves as a widely-followed leading economic indicator has roared back to new highs after dipping earlier this year, highlighting both the resilience of the global economy and surging inflation pressures.

-CC

brewer12345 · 05-22-2008, 08:02 AM

Quote:

Originally Posted by CCdaCE

Ran across this article on marketwatch. Summary is: A daily gauge of ocean shipping rates that serves as a widely-followed leading economic indicator has roared back to new highs after dipping earlier this year, highlighting both the resilience of the global economy and surging inflation pressures.

-CC

Idiotic article in many respects. The BDI reflects what is going on in the BRIC economies, the steel industry, and a shortage of shipping tonnage and port capacity caused by decades of underinvestment. The index is quite volatile, but the underlying causes will take years and a lot of capital to resolve, so it will remain at relatively high levels for the forseeably future. Unless, of course, the Chinese and the Indans stop building out infrastructure, growing their populations, and would rather sit in dark, unheated buildings in the winter.

CCdaCE · 05-23-2008, 07:48 AM

Yeah, volatility is mostly all I got out of it. Now is not the time to buy compared to a few months ago. No use getting ourselves worked up into a lather if we're dirty market timers.

...just another piece of info.

-CC

PsyopRanger · 06-09-2008, 12:53 AM

Quote:

If the squeeze goes further than I am expecting (think BDI north of 15,000), the stock may be worth considerably more.

I bought NM Sept $10 Calls @ $1.90 a month or so ago. I was waiting until NM hit $15 to sell and almost sold at $14.50?

I hope I won't be waiting too much longer for NM to get back up there?

In hindsight, I should have sold at $14.50 and I could have re-entered now. Oops.

Lance

Dawg52 · 06-09-2008, 09:02 AM

Quote:

Originally Posted by PsyopRanger

In hindsight, I should have sold

Lance

I wish I had a dollar for every time I thought this.

brewer12345 · 06-09-2008, 09:06 AM

Quote:

Originally Posted by PsyopRanger

I bought NM Sept $10 Calls @ $1.90 a month or so ago. I was waiting until NM hit $15 to sell and almost sold at $14.50?

I hope I won't be waiting too much longer for NM to get back up there?

In hindsight, I should have sold at $14.50 and I could have re-entered now. Oops.

Lance

Remember, kiss every dollar you spend on options goodbye as soon as you click the "buy" button.

73ss454 · 06-09-2008, 09:17 AM

Quote:

Originally Posted by PsyopRanger

I bought NM Sept $10 Calls @ $1.90 a month or so ago. I was waiting until NM hit $15 to sell and almost sold at $14.50?

I hope I won't be waiting too much longer for NM to get back up there?

In hindsight, I should have sold at $14.50 and I could have re-entered now. Oops.

Lance

Lance, you know what they say about market timers.

PsyopRanger · 06-09-2008, 09:16 PM

I know, I know

I bought NM back in 2006 when it was BULKW as a long term investment.

I limit options to less than 1% of my overall investing, maybe I should switch to No Limit Hold'em? At least I would get free drinks!!

Lance

brewer12345 · 06-10-2008, 07:03 AM

Quote:

Originally Posted by PsyopRanger

I bought NM back in 2006 when it was BULKW as a long term investment.

I did the same. Let go of 2/3 of my initial stake in the warrants and kept the rest (exercised for stock, actually). I expect to handg on for the forseeable future given the company's prospects and valuation. However, I would look to lighten up at a (higher) price simply because I have such a large position (for me).

BUM · 06-25-2008, 06:47 AM

Quote:

Originally Posted by PsyopRanger

I bought NM back in 2006 when it was BULKW as a long term investment.

I bought NM and others back in 2006 when it was FUN to own shipping stocks. Now every wingnut on the block is in the act.

dm · 09-09-2008, 01:38 PM

I'm still holding but I'm in the red now. Hopefully the dividends will keep comming in.

unclemick · 09-09-2008, 02:18 PM

Hmmm - I bought EGLE back when Brew first mentioned it on this forum.

Hey! - am I supposed to look at the price or something? - every tax time there's a 1099 for dividends.

Besides it hasn't been 7-10 yrs yet - I don't mind short term trading - but I don't want to be hyper active.

As long as they keep sailing/hauling cargo - I can keep watching football.

Right?

heh heh heh - so in 2014 I can dump EGLE if it doesn't do well.

.