GNK - Genco Shipping & Trading Ltd. - Page 4

BDI looks like it may turn around soon, only down 40 today.

I'm betting on it.

GNK is up nicely from my $21.10 buy yesterday. I missed the dip below 21.

Nice. GNK sat at 21 flat for a while, but I was skeered.

Looking at the longer term charts helps me from being skeered buying low. It might turn around here or it might keep dropping to the trend line between 19-20. If it drops to 19 again I'm backing up the truck and loading up.

BDI is -18 today to 3005. Looks like it's about to turn around. GNK was up yesterday to close at 22.40

No BDI reports since xmas eve until today. This morning came out +135 and GNK took off. Up over 8% to 24.15 right now, HOD 24.32 so far.

DRYS is only up 4%.

Great, great entry, skwerl.

If only I hadn't been skeered. I'd have a few more grand in my pockets.

Nice play so far. I think we'll be pretty happy over the new few weeks with the dry bulkers.

oohyyyyesss sirrrr


Gonna be awesome, Im in EGLE right now

its either EGLE or GNk for me wen Im doing shippers, both are awesome.

Up almost 10% today. +2.15 at 24.53.

Wonder why this one is the worst of all the shippers today.


Everyone else is in the green at like 2%+


Gnk is red almost 4%.

I just got home. GNK dropped 32 cents today or 1.29%. Not bad, considering the BDI was down 110 points. I see DSX dropped over 2% today. What other shippers are you talking about that did so good?

DRYS


EGLE


FREE


All were up over 2%

Looks like EGLE was up decent, 16 cents. DRYS was up 10 cents and FREE was up 3 cents.

Bought GNK at 23.97


sold at 24.84, Sold all but 25 shares riding free, gonna keep doing this and try and build up to 400-500 shares or so. same with egle.

I'm still holding the shares I bought last month at 21.10 in my Roth IRA. I don't plan on selling unless the market takes a dive. Genco used to pay a dividend until the economy went to crap last year, maybe they will reinstate it later this year? That would give the stock hella boost.

25.43 now, almost 4% gain today so far.

Ouch.... these bulkers are killing my portfolio. Any idea what gives??

Anything?

I haven't done a bunch of research lately on the bulkers but I do like a sub 20 entry on GNK. I hope I can get it. It may not be good for you, but it'd be really good for me.

I play to buy at least 3K shares slightly under 20 for the run up to 25+. I may need to look at the charts again because I'm not sure this entry is any good anymore. I may have to bump up to 21 or so. ??? Where is skrewl when you need him?

The BDI has been kind of stagnant for the last couple weeks. Notice the Cape index has been hovering around $40K whereas it was over $80K as recently as November. Seems to me that this is simply a matter of 'cash in = cash out' and rates have dropped.

I'd like to think that rates will bounce back up, but I don't have a crystal ball and consumer demand isn't exactly strong. On the other hand, this is probably an excellent time to be adding shares for a long term hold looking ahead to when this recession is over. Genco isn't going anywhere and this stock WILL go up when the economy picks up. Anybody know how long that will take?

If you compare the long term BDI chart with the 1 year GNK chart, you can see the spikes in May and November correlate to an increase in share price. That's why I watch the BDI every day.