Diana Shipping Inc (DSX)

[Pisd]

Had this on my list for a while, believing has good management over many years. Also WSJ story about alliances forming in the industry influencing me, as well as multi year low, c'mon. Bought for first time kind of for fun in that if you put fibonacci m/a on a chart, notice keeps testing the last highest average, 34, 55, 89, 144, to hopefully breakout to 233 way over $4.00; so bought on possible chart play, for fun. After capitulation on high volume and basing here, just for fun why not? Has to break out than break down below m/a so am taking a chance.

Diana has survived tough times already over many years and has good people running it.