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Genco Shipping: A New Bubble in the Making?

The most important line in this article occurs at the end:

"Disclosure: I have a short position in GNK"

Well, duh! I figured that out well before I got to that line. It's as if this article were written using the logic of "how can I prove that may decision to short GNK is correct", and then developing the argument based upon a pre-determined conclusion. By throwing numerous formulas and charts up, it even gives it a ring of authenticity. What? We don't like what P/E, Price/Book, or other figures say? They don't support our pre-determined conclusion? What the heck... I'll make up my own measures that do.