EXM was way behind all day and it roared at the end. NM has had a good week as well. GNK is getting very close to a 52 week high, one more good day and it's there.
The charts of DRYS, NM and EXM look the same in the last hour of trade. I saw the huge volume in the $40 and $45 strikes earlier, I knew something was going to happen.
EXM was a steal this week, it dipped below $39. If we use S&P multiples, we should be at 14-15x earnings. That gives us 50% upside in EXM at a minimum. That is why I think it's a $60 stock easy.
If we really do get a run on Dow 14000, we will see $50+ in no time. Volume is definitely the key, you need bids to bump up the price. We closed at the high of the day on good volume, that is very bullish.
I think they flushed alot of weak hands out this week. I'm in it for the long term so I don't care about the day to day. I can't wait to hear what the dividend will be.