GNK...is back!
So yesterday on the massive slide in the market (esp. in bulk shippers)....I snapped back up a bunch of Genco Shipping. The sector has experienced a pretty big correction over the past few weeks and now the stock is sitting back down around $64 with a price target of about $80. Plus, they have a dividend coming up for those who buy before the 14th. I still like the dry bulk shippers...their day rates continue to increase and the demand will not be going away anytime soon.
And how about that GOOG....still about $720...although it was at $740 just yesterday. But the price target has increased twice and is now at $755 so we can continue to hold with no moral issue.
2 comments:
This GNK is a big, nasty rollercoaster ride. It's price has more gyrations than that stinking NOOF stuff you're always pushing.
Interesting stock selection....seems to be in line with your line of thinking. FYI - NOOF is outperforming INTC today ;-)
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