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Non-Tech : Nordic American Tankers (NAT) -- Ignore unavailable to you. Want to Upgrade?

To: The Barracuda™ who wrote (25)	7/2/2001 2:46:25 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 52

Hi X: I too expect a drop. Originally thinking of getting back in around $15 but have a new target of $13. It all depends on rates and the dividend. I was expecting rates to support an appx. 80 cent dividend but now think the div. could go towards mid 60's. the base rate equates to a 33 cent / qtr dividend and the other piece (on the variable daily average tanker rate) is one quarter in arrears we have the one quarter lag. Here is the pnf chart. 24 \| \| 24 23 \| X A \| * 23 22 \| X O X O X X * 22 21 \| X O X O 1 O X 4 O * Med21 20 -------+---------X O --B X --X O X O X O --* ------------20 - 19.5 \| 9 O X O X O X O X 6 X 19.5 19.0 ----+---------X ----O X O X O 3 O X O X O ------------19.0 18.5 \| 8 O O C O X O O X O 18.5 18.0 ----+---------X --------O X O X ----O --O ------------18.0 17.5 \| 7 O X O X * O x 17.5 17.0 ----+---------X --------O +-2 ------* --O x-----------17.0 16.5 \| X \| * O x Bot16.5 16.0 ----+---------X ----------+-----* ------O ------------16.0 15.5 \| X \| * 15.5 15.0 ----+-----X --X ----------+-* ------------------------15.0 14.5 \| X O 6 * 14.5 14.0 ----+-----X O X --------* +---------------------------14.0 13.5 \| X 5 X * \| 13.5 13.0 ----+-----4 O X ----* ----+---------------------------13.0 12.5 O X X O X * \| 12.5 12.0 ----O X O X O X * --------+---------------------------12.0 11.5 A 3 O X O * \| 11.5 11.0 ----O X O X * ------------+---------------------------11.0 10.5 O X O * \| 10.5 10.0 ----C --* ----------------+---------------------------10.0