shipping's been doing badly, the hype about recovery of baltic dry shippers has faded. i think i entered too late.
EXM down to 9.36
PRGN management pulled a sucker punch, sneakily "amended" their quarterly to include a 10million share dilution.
jun 11: prgn dropped 10%, i averaged down to 5.05 from 5.35. now its down to 4.65.
fundamentals are still sound, will hold.
jun 11: Oil hit 2009 high of 73. Obviously unsustainable.
Buy: ERY @ 16.2 -> 0.22 higher than 52 week low, which was hit on the same day
jun 12:
Sell: ERY @ 17.6
gain: 8% after commissions
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