I sold exm and others swapped every postion for drys.......after they just did the fallow on......$ 700 mill in cash on bal sheet and it will out perform on the up side.... Nm kicked ass listen to the confrence call.....so what think drys will do ......gnk reports before this wen open.......do whats best for you
See how scary China is? They can bust rates if they like the same way shippers got together to walk rates up. Something has changed in the market. China is going to play hardball and no one can do anything about it. Don't listen to the analysts on this they never get it right. You can follow the flow of the dragon just stay out of its path.
"Natasha Boyden, an analyst at Cantor Fitzgerald, said she sees absolutely no change in the fundamentals in the dry bulk shipping sector. Boyden says the decrease in stock price should be seen as a buying opportunity."