Stocks that Float: TANKERS & DRY BULK SHIPPERS

[xanadu90]

Hello Milner,

There's nothing unusual in GOGL's shareprice behaviour. Shippingstocks are very volatile, it's a seasonal industry and people take advantage of that. Summertime is always a low season, and people sell or short shipping stocks. If you are an astute trader, take advantage of the volatilty, but if you do not want to sit glued to your computer just wait for the lower prices and buy more shares. In five years you do not care about the stock price fluctuations, only check what is the dividend quarterly.

A big shareholder has sold his GOGL shares, but as it is a private person (a speculator) and not an institute, I am not worried.

You can predict the low season-high season messages on Norwegian message boards along the course of the year as short time shorts and longs try to beat each others. Long time longs just sit and smile : )

Mr. Billung, the CEO, has told that they are not interested in listing GOGL in New York.

What I would be interested in GOGL is that I hope they go on buying back shares to reduce the float. As long as the float is over 200 mil. the price do not make big moves upwards.