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Eagle Bulk Shipping Inc. Message Board

  • MINCE38 MINCE38 Dec 23, 2008 3:45 PM Flag

    I cant believe volume on the shippers could be so misleading...

    especially on DRYS which led the way in high volume with over 40 million shares a day traded for a while, now all the shippers volume is deflating faster than a balloon. Are we to believe that it was dumb money that went out and bought all the stock in the shippers? If so, Ive never seen anything like this in all my years. I can see volume going down and some profit taking taking place...but this retracement is more like an out and out scam! I would prefer we see some acquisitions and consolidation in the industry so all the shippers dont go under and the chinese take it over!!! I wouldnt mind egle either being bought or doing an acquisition. Why is nothing happening with m@a activity in this industry? I dont get it. Jeez, even Buffett should be getting involved here!!!!

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