I ran across this chart awhile ago. It is of DHT Holdings company, which is an operator of crude oil tanker ships. They are losing money. The chart looks about the same as GNK did 2-3 months ago.
Intraday the volume is on the buy side. Not much volume. Yet. But the volume will come later if the stock gets underway to the upside.
I was intrigued by this link in which the author points out that if the company were liquidated the stock holders would see a gain of about $2/share. In other words the physical holdings of the company are worth more than the stock. If I remember right that is the kind of thing that Benjamin Graham liked.
control your risk,
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Mr ghickey you are one fart smeller!
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