$GMR - terribly oversold and undervalued stock with great potential at least for near term. Shortly after the market opened today, CNBC posted this video in which Rady said he sees value in General Maritime shares, thanks to a low cash flow multiple and a discount to book value. He suggested that if certain events go in the company's favor, the stock could triple. Not sure about "triple" but I guess it should be enough space for us tomorrow intraday to make quick profit on this one. Nice pullback at market open so we can enter at a discount would be a gift, if not, still believe in positive $GMR activity on the long side tomorrow.
Backtested Symbol: $GMR
Strategy: Pennystocks100 (5 min chart)
Period: Jun 2, 2010 - Jun 2, 2011
# Win: 2
# Loss: 1
Winners: 67%
Profit-Loss%: +7.19%
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