Excel Maritime Carriers Ltd.(fka EXMCQ)

[Ecomike]

Thanks for the clarification. It all makes a lot more cents now (not dollars, LOL). I was starting to wonder If I had made a mistake jumping over board here. I lost more on this stock than I want to admit. Evey time I bought it I lost money, mostly due to the games and backstabbing of the bag holders that they blindfold and stabbed in the back when they got desperate for cash. I got burned no less than 5 times buying this stock in the last 16 months due to the accounting games. DRY is another one to avoid.

It is getting nearly impossible to predict earnings for any company now days, especially with them all playing dangerous games with interest rate and freight futures. I am seeing all kinds of derivative games and losses on all sorts of companies quarterly statements now, that scare the hell out me! The Ethanol companies all got burned by Corn and ethanol futures and interest rate derivatives that blew up on them and bankrupted them.

Rant over:

On another note, the BDI has gone vertical the last 2 days with major moves in Capex rates.