Thursday, December 12, 2013

High Volume High- Dec. 11 Trading Day Edition

A few noteworthy entries coming from yesterday's trading First, Ma moved to new highs after the company launched a $3.5 billion stock and a 10 for 1 stock split. Shares of competitor of V also moved higher,  but did not quite make the cut. Concerning the stock split though, the stock moving higher after a stock split reminds me of the euphoria in the late 90's

Second, GSL moved higher after the company announced a new note offering. Some were talking the company will initiate a dividend, but I have no opinion on that. However, the shipping industry (disclosure- I own a position in DSX) has caught a bid on the thought that the industry will improve on better supply and demand dynamics.

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