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S&P 500: 1,340.35 Change: -0.84%
Joewallstreet
P&P Score: 89.75 | Points: 10.36 | Accuracy: 50.00 | Average Pick Score: -3.70   Annual Return: N/A  
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BUY: GENCO SHIPPING (GNK) Rating: 2
Start Price: $26.15
Points: -114.23
Created: 05/28/2009
Genco is a shipping company, who depends on increases in international trade to make profits. Its business is most active between March-September. Genco can be very volatile with sharp upturns followed by sharp pullbacks. Buy and sell with every $6-7 change in stock price this summer and you can make some $$$$. I am selling at $24.00 in latter 5/09 to lock in a 37% profit. I will then search for a new buy point.

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