Made 40% in less than a month. I have a feeling that there will be some see-saw in daily prices. Could drop back to $35 by next week if there is a another market bump. That would be my next buy in price.
I'll take my profit monday. I was planning to sell at 40 but I'll take it. We'll hit the lower channel again. They you have to watch out for the call to hype the sector. The best thing the shippers ever did was to unite forces to hype the shippers and hold up the rate. If they start to fight each other for a rate prices will go right through the floor. They did away with the competition. It may not be healthy but while everyone throws in the captial you have to take some of it.
so much so good about this company which will be revealed in the very short term. Elinakos of course but 2 more next month, plus the spot exposure - and the BDI was up *another* 116 today, and US grain shipments have barely begun!
if DRYS holds 70 we'd be lucky to see 40 again. anyway, NICE PLAY.
By year end I could see $55-60. However, I think that an after Labor Day pullback will allow me to jump right back in. I hope its in the mid $30s, at least I think it will be the new low territory. LOL