Agree. May be time for me to average down here $TOPS
https://seekingalpha.com/instablog/764789-cwe...rcent-week
https://www.topships.org
https://seekingalpha.com/instablog/764789-cwe...rcent-week
Quote:....Follow the money, though, and it doesn’t disappear in Greek shipping books. It disappears in Bear Hedge funds as the massive (and illegal) naked short campaign along with all the terrifying propaganda they could dream up. Naked shorts levy so much selling pressure against a stock that they can bankrupt a company for no good reason at all. If they succeed, it is the big prize and the people with short positions NEVER have to pay a cent to cover. They get to eat the entire market cap of the company they destroyed.
If a company is fraudulent, they deserve to get bankrupted. But Bears don’t care about whether aa company deserves it or not. They care about whether the plan can work and if there is enough negative propaganda to be generated, they have a target. And they get filthy rich doing this. The problem for them is that when they pick on a company that ISN’T going bankrupt and they short with a false narrative and that narrative gets debunked, there is an enormous and swift correction that can wipe out not only their entire investment but many times what they invested.
So bears will be very very very aggressive until the very end of capitulation.
The Bull'$ Case.
The Bull case is that the company has exited the troubled waters, just like the rest have. They have a solid plan of action, 14 vessels, more coming, full contracts for the upcoming year, cash visibility through 2021, an early earnings report that (not surprisingly) shows almost doubling of shareholder assets while only accumulating slightly more debt. Their model is working.
Instead of stealing money, they have been investing in new vessels and have gotten contracts for them IN ADVANCE......
https://www.topships.org
TOP Ships Inc. (TOPS) Stock Research Links
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