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

To: E_K_S who wrote (37412)4/16/2010 10:35:17 AM
From: Paul Senior  Respond to of 78531
 
EKS, yes, I'm aware. Have continued to hold a very small SFL position for couple years, which I added to a bit last year after one of your mentions here.

Shipping business is or seems so volatile - the business prospects, the current operations and the stock prices - that I've no regrets that I didn't buy more when this and other shipping stocks were lower. Too tough for me to hold on to a substantial position.

...Well, maybe I shoulda bought more NM. Long-term charters backed by gov't insurance. At the time I didn't believe any of it was safe, regardless. Still have my suspicions.



To: E_K_S who wrote (37412)9/24/2010 4:22:21 PM
From: Paul Senior  Read Replies (1) | Respond to of 78531
 
Using today's strong market to trim positions.

Cut back on SFL ('08-'09 buys). Will consider reentering if stock falls back on no adverse news.

Cut outsize position in auto retailer SAH.

Taking my losses on payday lender QCCO by selling 80% of my shares. Also taking losses on couple of others.


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