Replies to post #748 on Stocks that Float: TANKERS & DRY BULK SHIPPERS (SHIPPERS)

[Milner]

Xanadu,

Thank you for your reply. I have owned FRO and GLNG for a few years now. Generally they do the same thing and sell down on the ex date and a few days after. I have avoided getting caught so to speak in an upswing at that time by just holding and not selling and buying back later. Last summer during the week of July 4th FRO went way up so its just so volitile like you stated. I have become aware that SDRL and GOGL have large floats. So what your saying is that if they buy back shares and reduce the float it will be more condusive to stock share price. I imagine they are trying to buy back in small increments to purchase the stock at a low price if possible. I was extremely happy with the .55 cent a share dividend. I have always felt like you the dividend is a good barometer of the stocks health so to speak. What are your thought if any on DWT which is the new IPO on Brittania Bulk. They are talking about a 17 - 19 dollar share price IPO next week?

Thanks buddy,

Joseph