In order from left to right is the Earnings Release Date......Share Price 15 days before Date......The Share Price on the Earnings Release Date.....And the Share Price 15 days after the Release.......DSX has historically released earnings around the 1st of Aug, Nov, Feb, and May
As you can see today is July 15th which would represent 15 days before earnings release for Aug 2008 Earnings...The last 4 QTRS...have had an average of a $6 share price increase in the 15 days leading up to earnings....Based on history we could expect DSX to approach $35-$36 by the end of the month...Also note that DSX stayed flat once...dropped once and increased twice in those 4 QTRS...in the 15 days after the release...The only drop was during the financial crisis late last year...Sort of the same market conditions we have now.......What is strange is during this same period is when DSX showed its largest increase in the 15 days before....Anyways...just numbers...use it as you wish....You don't have to look it up...I already did.
I will go out on the limb (lol) and state today is the beginning of the run...its definately later than previous quarters but nonetheless has officially arrived...Low volume yet buyers outnumbered sellers 3 to 1 all day...That my friends is a very very positive sign....Bout time.
Diana Shipping Inc. (NYSE:DSX - News), a global shipping company specializing in the transportation of dry bulk cargoes, today announced that its financial results for the second quarter ended June 30, 2008 are scheduled to be released before the opening of the U.S. financial markets on Thursday, July 31, 2008.
We will no soon enough if DSX fallows the historical trend or whether she breaks the trend. With Earnings announcement now only 8 trading days away...Next week should remove most the guess work on where we head short-term. Of course I'm still banking on the trend to continue...Would be lying if I said I was not concerned alittle at this point however.
Right on, who would not want to own a business that has 95% of its services book 15 to 30 mo's into the future with a high profit margin.
Steel prices have effected all companies who are trying to add and update old vessels. Many new boat orders have been cancelled.
Bought a couple of the August $30 calls in anticipation of this exact trend happening. Got in right before the market skyrocketed, paid $1.50/contract. Looking for a sale price for the options somewhere in the $5 range. Good luck to all longs, I'm out of my DSX position, but still watching closely.