BigFatBEAR (31.34)

TNP exploding like TNT?

August 03, 2011 – Comments (1) | RELATED TICKERS: TNP

Whoops. Not only are markets grumbly, but they're shedding shippers like shippers are earning...   well, negative EPS.

I've been holding TNP in the old Roth IRA for about 2 years, and even though it's been mostly sliding since then, I've been patient because the dividend and longer-term fundamentals suggested patience. But now it just seems really risky and contrary to my LTBH DRIP strategy.

Dropping below $8 today with a 6% haircut, I'm thinking about admitting I was wrong, cutting my losses, and sinking the cash into something that's way less risky long-term, like INTC.

Your thoughts, oh wise fools (and hopefully, oh wiser Fools)? Ships are obviously not my forte, even when oil-related...