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Politics : Ask Michael Burke

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To: Bill/WA who wrote (102274)	8/16/2005 4:24:15 PM
From: Joan Osland Graffius	Read Replies (1) of 132070

Hi Bill, Yes I am around. I am holding what I consider a core position in VLCCF. I believe they have a couple of ships going into dry dock for normal maintenance and the dividend may be smaller than normal this quarter. Someone said Morgan Stanley brought out a shipping IPO and there could be a demand problem for the stocks of shipping companies. I did read, and can not remember where, that there is a shortage of oil tankers moving oil from the middle east to their markets and IMO both VLCCF and NAT will help met this demand. You can read this quarters presentation at: knightsbridgetankers.com I am sitting here just watching to see when these folks quit selling off the shares, assuming there is not any news we do not know about, to pick up some shares. I am currently averaging down on some corn contracts and will let VLCCF "really" settle down before I throw some money at it. <VBG>

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