GNK - Genco Shipping & Trading Ltd. - Page 21

BDI has plummeted over the last couple weeks, dropping down to levels not seen since last March. The entire sector is rigged, the average Joe doesn't stand a chance with this POS.

yea something weird out there...but glad im neither avg or 'joe' lol...

EXM up 25%
FREE up 51%
TBSI up 75%
today

did start its own party today with good volume and breakout .....

another nice day for the shipper.... damn look at it gooooo

moving higher... hitting new hod.

and back to flat lol

GNK down11% to 7.28 on news of a share offering at a price discount  of nearly 14 to yesterdays close of 8.21. Offering price is 7.10.

 

LOD ......7.06

 

 

http://www.sacbee.com/2012/02/22/4283494/genco-shipping-trading-limited.html

nice lol...get a break out and pps up just enough so you can knock it down yourself

looking good so far this morning.

bounce after some overeaction to offering maybe...sector is mostly strong today too

GNK is holding up nicely this morning.

Wow,when will the shippers turn around? GNK gets two downgrades today,one with a $5 price target and the other comes in at $4. Might be a decent lottery type of a trade sub 4's.  Anyone buying at current levels?

new 12 month low.....

yea big down day for shippers...15 of them in th red 1-22% today

very weak indeed

down over 6% again

It's really tough being in the shipping industry these days. Citi lowered the price target on GNK to 2.50. 

WOW..... they really dropped! and i thought it was bad when i last posted in the middle of may at the low 5's  

glad i stayed on the side lines with this one so far!  

Looks like GNK is bottoming, watching this one closely for a possible entry point

Philo,where are you looking for a possible entry?

 

I may be looking at this for a quick trade also. Usually,when an analyst comes out with a lower price target,that price is usually met,so,I am waiting for 2.50 as the minimum.