SSW - Seaspan Corp

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Mar 21, 2017.

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  1. StockJock-e

    StockJock-e Brew Master
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    Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships pursuant to long-term, fixed-rate time charters to various container liner companies. As of May 27, 2016, its fleet consisted of 89 vessels. The company was founded in 2005 and is based in Majuro, Marshall Islands.

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  2. Timbo

    Timbo Active Member

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    Took a 1000 share position at 6.65 a couple days ago, still holding but this is why I hate to invest in stuff. Totally got the trend wrong. Long term it has tons of potential but it's tying up cash and losing value.
     
  3. Timbo

    Timbo Active Member

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    Come back to daddy, boat please float.
     
  4. StockJock-e

    StockJock-e Brew Master
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    Its coming back! :D
     
  5. Timbo

    Timbo Active Member

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    This is my only long position that I have cash tied up in. W the div cut it still pays around 8%. I plan on holding long term, just missed the bottom big time.
     
  6. Timbo

    Timbo Active Member

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    Still holding and we are back in the green.
     
  7. Timbo

    Timbo Active Member

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    Dumped these to at 6.56, kept the free shares built up from trading it in the past. Still like it but only when I don't have cash tied up in it.
     
  8. Timbo

    Timbo Active Member

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    My favorite shipper dropped to a good price.
     
  9. Timbo

    Timbo Active Member

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    And we are off to the races, nice little sell at open and it never looked back. Added some more freebies for the stash. Cha-Ching
     
  10. LloydWCoutee

    LloydWCoutee Active Member

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    Brokerage Give Consensus Hold Rating to Seaspan $SSW
     
  11. Timbo

    Timbo Active Member

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    In 6.65 a whole bunch of shares, lol. Tempted to hold it long and let it ride, div is .125 x date is tomorrow. Decisions,decisions..
     
  12. StockJock-e

    StockJock-e Brew Master
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    It been going sideways for a while, at least the sellers are easing off, now we just need a good volume day to push it above $7!
     
  13. Timbo

    Timbo Active Member

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    I think maybe the damage is done, cutting the div by 67% and the Hanjin b.k. Might even beat earnings. Undecided if I hold or not though, it will drop .13 at open due to x date. Notice how they run it back up at closing, could be wrong but I see accumulation here. It's shorted all day long as the bears still have the upper hand shaking the tree to flush the weak hands. I held my new position and will collect the dividend.
     
    #13 Timbo, Apr 17, 2017
    Last edited: Apr 17, 2017
  14. Timbo

    Timbo Active Member

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    Bought some more near lod, long term hold for me. Can't trade much anymore at work, we are SLAMMED. I now hold 2 positions long.
     
  15. Timbo

    Timbo Active Member

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    Rode the storm out and it looks to have paid off. I hold a very large position in this, at least to me. Will receive the dividend and plan on holding this long term, my guy says this is a jewel in the rough and to hold. Possible choppy waters ahead but it currently pays around 8% in dividends plus capital appreciation.
     
  16. Timbo

    Timbo Active Member

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    Took a lot of trading, averaging down, still took a decent hit but I'm out. Learned that I'm a lousy investor but a lot better at trading. Dumped all hold positions today.
     
  17. T0rm3nted

    T0rm3nted Moderator
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    I'm a strong believer that as long as you learn from your mistakes, even the losses are a positive.
     
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