Diana Containerships Inc (DCIX)

[IL Padrino]

You didn't necessarily get smoked. You could average down. I think it will eventually go back up, just will be a while. I think this will continue to drop until it reaches new lows around $2, then start to climb again. I'll buy at those levels which will be a long term investment for me. They're making the right moves to turn a profit and have a solid business in the future. I think it was inevitable since they were bleeding for a while. They couldn't keep up this pace for long.

Motley Fool posted an article on this a couple of years ago about it being a good long term investment which is how I learned about it. But it's gone down ever since that article was published. I still think it's a good investment, but we're talking very long term. This is definitely a buy and hold for a few years.

GLTU