Sold my GMR-N today For a small profit

I sold my General Maritime Corp stock today for a small profit. I decided not to wait for the $15 special dividend because I wanted to free up some capital to acquire more income trusts this this week.

Furthermore, with the recent market weakness the value of GMR may drop more than the $15 dividend after the record date. So I decided to cash out.

Please perform your own due diligence.

General Maritime Corp. GMR-N -What is the Record Date?

On March 1, 2007 General Maritime issued this follow-up press release;

"16:16 EST Thursday, Mar 01, 2007

NEW YORK, March 1 /PRNewswire-FirstCall/ -- General Maritime Corporation (NYSE: GMR) today announced the New York Stock Exchange has notified the Company that the ex-dividend date for both its recently declared special cash dividend and fourth quarter 2006 dividend will be March 26, 2007.

On February 21, 2007, General Maritime Corporation announced that its Board of Directors has declared a special one-time cash dividend of $15.00 per share along with a quarterly dividend of $0.62 per share with respect to its fourth quarter of 2006, each payable on or about March 23, 2007 to shareholders of record as of March 9, 2007."

I find this press release very confusing.

I am not sure if March 9 or March 23 is the record date for the special $15 dividend.

I am trying to contact the company to clarify this press release.

Please conduct your own due diligence on this matter.

General Maritime Corp. GMR-N Moving Up

General Maritime is one of the few stocks that has been rising during this weeks world wide market correction. I am still holding my position.

They are paying a special $15 per share dividend to shareholders of record on March 9, 2007. If the shares hit $50 before March 9, 2007 I will be selling.

Once again please perform your own due diligence.

Cramer Likes General Maritime Corp. GMR-N

As a follow-up to one of my recent posts on General Maritime Corp.

Jim Cramer of CNBC's Mad Money program likes General Maritime Corp. He mentioned it on Friday February 23, 2007 program when some asked during the "lightning round" about Frontline (FRO-N) which is another oil tanker stock.

Follow this link at thestreet.com;

http://www.thestreet.com/funds/lightninground/10340646.html

Also take a look and listen to this video clip by a portfolio mangaer;

http://videoplayer.thestreet.com/?puc=tscnav&ts=1172429572682

Please perform your own due diliigence.

Bought 600 Shares of General Maritime Corp. GMR-NYSE

Today General Maritime Corp. (GMR-N) announced a special dividend of $15 a share payable to shareholders of record on March 9, 2007.

I paid just under $43 a share for the stock. I hope to sell around $35 per share some time after March 9, 2007.

If this strategy works I will have made $7 a share profit.