Replies to post #245 on Genco Shipping andTrading Limited (fka GNKOQ)

[iambadbert]

Well said IMO. Been in GNK for a while trading around a core which I dumped on crazy Monday took a small loss over all but IMO this company needs transparency which I do not feel management is willing to give.

GLTY

[NewMoney]

Is there still a massive glut of ships?

Just wonderin'

[I-Man]

Steady, remember what happened last Friday am when premarket was minus 30cents... GNK blew open at 9:30am and upward and tripped circuit breakers and large hands were scooping up shares. Every day since, GNK has closed in green and higher.

Then remember what that whistleblower Wall Street Insider trader said last week to regarding "US market is rigged", and has book out now too, and stated thru HFT systems they can make any market do at will regardless of fundamentals or facts the public sees...

There is a reason all GNK shares are being bought up as why it has closed even higher EOD every day since last week too. This certianly is NOT dropping to "0" as so many shortseller daytrader types post relentlessly on yahoo or here...

[eddy2]

It does,t always go like that now does it.

[sts66]

And then on top of the $50 warrant value you have to pay $19/sh to convert to the new common! Get out while you can before this goes to court on June 4, you can sell GNKOQ on the OTC pinkies as long as it exists - who is buying and why is what I wonder?

[I-Man]

Why I finally sold my entire position prior the delisting news reading the BK structure mroe deeply...