[goodtyneguy]

I took small position in the shipping stock GLBS near the close on Friday just gone on the secondary pull back entry where it has been getting daily support.

It's far from an A+ opportunity as the volume on the BO does not quite meet the requirements and according to the Ichymoku cloud it still has a little work to do to clear resistance. I entered this one as an accumulator in stage one rather than expecting to see it immediately evolve into a stage 2 mainly because of it's 10.87% dividend yield. I don't mind waiting if I'm getting paid and can look forward to higher pay outs.... if all goes to plan of course.

If GLBS clears its resistance in Oct/Nov (which you mentioned) and breakouts above $3.50-$3.60 range with some good volume, I think it will be in pretty good shape for a nice Stage 2 breakout IMO. I would like to see that MA move up some more and a nice volume spike. Marine Transpo has been a good sub-group for me recently (BALT, EGLE) so I hope GLBS can continue the trend.

BTW, I checked Google Finance and Dividend.com and it said that GLBS suspended divs in 2012. Do you have info on a 2013/2014 payout date? Just a heads up as it sounds as that is a tentpole of your strategy.

Good luck.

Just checking to see if you guys are awake .... yes you're right the last divi paid was in May 2012. I've had it on my watchlist for a couple of months now and for some reason thought I had verified it when I initially found it. So thanks for the heads up on that one, may have to cut it loose next week.