Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (32952)	12/5/2008 6:17:46 PM
From: E_K_S	Read Replies (1) \| Respond to of 78748

You got a very good price as I think there was some forced liquidation today on SFL. My last buy was at $9.95/share which I thought was a steal. I was surprised that I got a fill today for some more of the BDN Preferred "C" shares that I entered in at 10% below the lowest bid. The shares ended up 7.5% today but based on my buy they were up 17%. I think there was some forced selling and that is why my order was filled. The chatter on the street is that there is still a lot of hedge fund selling still left to be completed in December. I suspect there will be some excellent "low ball" buys available in the next 25 days as we close out the year. I am not sure if some of these bargains are "value traps" but I continue to sell into the rallies, adjust my cost basis with new buys and add dividend payers to my portfolio. I think there will be plenty of time to buy back shares sold in 31 days at lower prices. I am still not convinced that the lows are in so I am staggering my buys over time. EKS

To: Paul Senior who wrote (32952)	12/6/2008 11:01:32 AM
From: gplang	Respond to of 78748

MEG-East VLCC rates set to surge could bode well for FRO tankerworld.com

To: Paul Senior who wrote (32952)	12/8/2008 2:45:24 PM
From: E_K_S	Respond to of 78748

This announcement last Friday may have been the reason for the resent SFL price movement. xml.10kwizard.com From the announcement:"... On December 5, 2008, we entered into an ATM Equity OfferingSM* Sales Agreement with Merrill Lynch, Pierce, Fenner & Smith Incorporated, or Merrill Lynch, of up to 7,000,000 of our common shares, par value $1.00 per share, offered by this prospectus supplement and the accompanying prospectus...." These shares represent 10% of the outstanding shares (72.4 million outstanding). This could be dilutive to earnings in the amount of $0.05-$0.08 per quarter. If the proceeds are used to reduce long term debt it would be a bit less per share. EKS