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Obviously I’m not an expert but when it comes to stocks like Tops, you take profits when you can. Going long is not a good idea and that’s something I can tell you from my own personal experience.
Here is the difference, if I followed the recommendations of experts about Tops, I would have made lots of money! But I understand your position, since you bought during the hype and pump, now you are stuck with it and you wish another massive spike!
Morningsidepark, has posted a new valuation for Tops and it should answer most of your expectations in the coming days.
TOP Ships Inc.: Expect Another Reverse Split Before Year-End $TOPShttp://www.seekingalpha.com/article/4127682
Only time can tell if Campo would be able to relist or not, but even if he does it will be a long lengthy process. I would not doubt he wouldn’t try because he lost his ATM machine, when the ticker got suspended.
$Phot was kicked to the gray market and one of the management went to prison, but Phot was able to regain-trading on OTC again, so why not Newc can trade again?
ORCA, Drys is out of dilution for now but Tops is not, I’m not saying there is no opportunity trading Tops but at the same time this stock is one of the most dangerous stocks on nasdaq, personally I will not take the risk of holding this stock over the weekend. In the past few days I’m just trading it and by market close I get out, I don’t even trade after market. Next week when another filling is released you will see another whopping increase in OS by another 18-20 million shares or even more. There is no guarantees that you won’t see RS ratio announcements on Monday or can you guarantee that?
This stock is actually the best stock that ever happened to traders in the history of the stock market, you buy and hold this stock and boom, you are an overnight billionaire. In fact if you have enough shares of this stock in your portfolio you can easily become the number one billionaire like Jeff bozos of Amazon. Lol
The pump is on, but it will all come down to market interest, with the OS over 47 million it’s hard to estimate the gap up, with the support at 0.40 and resistance at 0.53, Tops has to be one of the most dangerous nasdaq stocks trading now.
500Tsd Dollars? If you don’t mind me asking, what you mean?
I do know that the current Tops OS is above 47 million and counting, more shares will dumped on the market and you never know what the next filling can bring, but let’s wait until Monday. I will be watching and flipping it until I recover all my money.
Those positions are never long term they flip like you do, and it’s a good trading strategy.
I don’t doubt the numbers you showed, but you should consider the OS, and it drastically went up, you know that better then I do, when there is more shares available on the market, it can not create a big squeeze. Remember the squeeze with Diana? Their OS was about 760k when that mega short squeeze happened. Personally I think a good run can happen after Tops RS.
But why you think shorts have to cover? when they know the price will slid down with more dilution, more offerings. By now everyone who had a experience with Tops knows what’s coming. The share price went up to $3.50 then crashed back to $0.47. So even if there is a rise don’t you think it will drop back? I think another rise in share price is just another short term opportunity to make some serious money.
How much you expect the price to move up or down? How low the price can go if he announced RS ratio on Monday?
From the filling it reads:
Our business strategy remains focused on growing our fleet.
This means he is not done, more offerings will be announced. After all his peer, George Economo, got $750 million from American Capital markets.
He will announce another offering when he is done with Crede. So much free money sitting on the table, very hard to ignore!
Happy holidays to you and everyone who sees this message!
Keep flipping until you get your money.
I flipped the scam many times and I’m not done yet.
Sweet dreams are made of this
Who am I to disagree?
I travel the world
And the seven seas,
Everybody's looking for something.
Some of them want to use you
Some of them want to get used by you
Some of them want to abuse you
Some of them want to be abused.
The Availability of more shares pushed the short borrowing rate from 125% to 100%.
Head north? On what basis? Dilution, danger of imminent reverse split!
Breaking News: Tops will be Acquired by Google and each Tops share will be exchanged for one share of Google. Common Santa, I thought I was on the nice list. Lol
Black Friday sale started early.
I am just speculating that the experience with Diana may repeat itself with Tops. Diana shipping had a sudden run after RS and that was the catalyst for all shipping stocks including Tops to run hard. There was no positive news for any of these shipping stocks but extreme market interest, so I think that such interest may take shape again, when Tops reverse splits.
It may run like Diana, after RS. Depends on the RS ratio and if there is a short squeeze.
Off course Crede is buying shares at deep discount, this is the only way for them to sell for a huge profit.
I have a slight hope, after RS we may see a run like Diana, but other than that I don’t see any other way to recover my loss.
Tops just beat my estimate of issuing another 10-12 million shares, the new filling shows they actually dumped over 16 million new shares on the market.
Wish you luck my friend, never hoped for another person’s loss. I just hate it when I see some people taking advantage of the overly optimistic.
Don’t get caught in RS, because it’s coming to your town soon.
Oh No, seems like we run out of sweet tasty carrots. Lol
STOP selling your shares for so cheap people,Tops just found the lost ship of captain Barbosa with a $100 trillion diamonds in it. Lol
PR from Tops? Showing another 10-12 million increase in OS and you think that would help the price rise? If you think people don’t read these posts then what are you doing on this board? Seems like you are the only one awake at this time reading my post. Lol
Man or woman? I thinking that since that the excuses for other shipping company financials didn’t really work, why don’t we start a fake news campaign, saying that drys found the lost ship of captain barbosa with $100, trillion worth of diamonds in it? Let me know what you think? Lol
Guys and girls, since the weather station predicted sunny skies in London, I think it should be a good excuse to promote this Scam!
Economy can improve but not the business model of Greek shipping, the filling says there was over $7 million charge in fees. Do you know where that money went to? It is Economo’s other private companies that act as contractors for Drys, the same business model is followed by Pistiolis that’s why there is zero institutional investment in either company. These scams are for trading not investing.
Are you mistaken Dry ships for Top ships? Dry ships is trading for over $4 and you are saying that our current trading price is way below the conversion price of $1.60? You must be really lost between the two shipping companies?
Drys and Tops follow the same business model, the CEO’s of both companies have private companies that act as contractors for Tops and Drys and they charge high fees and commissions. Both CEO’s like Pistiolis and Economo make money through their private enterprises, that’s why there is zero institutional investment in any of the above mentioned companies. It doesn’t matter how high the dry bulk prices go, none of these scams will produce enough income to benefit the common shareholders.