ACk!

I guess I got confused and should've re-researched DEEP a little more. DEEP was NOT featured on IBD New America, but it has been a stock that I've been watching for awhile so I shall keep it. Again I'm long on this so I'll probably hold for a few years. Unless it tanks 20% or more, then i might consider selling (my tolerance level since it is an IPO) or probably buy a second position since I feel this is a decent company.

Recently, the Transportation Industry sector, primarily Shipping has been hot within the last month or so. I've decided to put some money in there and bought a small position in Seaspan Corporation (SSW) today after watching it go up 20% in the last month. SSW is a dry bulk carrier, similar to Dryships Inc (DRYS). I really like Seaspan's business plan, where they purchase ships and lease them out to companies (long-term) who can't necessarily afford to buy an entire ship or have the necessity to.

The Hong Kong-based company today has a fleet of 21 specially built cargo ships in the water, with 26 more on order. By 2010, the company expects to have 100 to 120 ships, all leased out to shipping companies. This could mean HUGE growth potential for this recent IPO (I know, this is the second IPO company that I've purchased as of recent, but hey, I'm young and you should always be a little more riskier than if you were closer to retirement).

Oh and their fundamentals are not too shabby either (only the BEST in their group!). I'm surprised that there hasn't been more Wall Street coverage (Fund Investment) on this firm, which is good for us because eventually they'll start being recognized (after a few good earnings reports) and will hopefully BLOW UP!