Replies to post #23 on Navios Maritime Partners LP- Partnership Units (NMM)

[Ecomike]

I was a roaring bull on this one 6 - 16 months ago, but the recent events and manipulation scare the hell out of me. NM sold NMM a Cape size ship recently for 110 million, a 2009 year IIRC with a charter, then buys 1/2 off shares to help them pay for it (I think), while a smaller competitor a few weeks ago bought a brand new Capex from Korea for about 55 million!!!!!

I got screwed by EXM, PRGN and DRYS too many times to trust greeks anymore, at least from the buy and hold for ever standpoint. I made good money on NM and NMM in 2009, but decided not to over stay my welcome like I did the others. But I am till watching and learning here.

GLTA

[Ecomike]

Today may have been the bottom. BDI was up off the charts today, with Cape ship rates up 20% in one day! Earnings come out Thursday morning IIRC.