In the end this will be under $5 per share. At present i am not short having covered yesterday i believe but i could be wrong I have shorted and covered this stock so many times(all highly profitable). Due to the crazy market my crystal ball has experienced temporary technical difficulty so i am not shorting anew till I get a clear signal. Would you like me to inform you or would you like to cackle in the dark as usual?
well that is a little ridiculous 10.00....but 58.10 (its a fluky share bounce,,,)....well what do you think on the open?....DuuuuuuH?.....count.....and think what the FED did NOT say....( like uh don't you care..)....as people digest the meaning of this they will realize that YOU ARE ON YOUR OWN NOW.....TESTING TESTING TESTING 1 2 2 8 0,,,,that is 12280....TESTING TESTING>>>>>...its not Bearish...its the number you need to get the 16,000 by January.....
Rates for dry bulk shippers declined for a second day, after reaching record highs last week. Dry bulk shippers carry cargoes such as coal, iron ore and grain between global markets.
The Baltic Dry Index of spot rates closed at 6966, down 24 points. The index, which measures rates on 40 shipping routes on a time charter and voyage basis, hit 7077 on Friday.
Analysts attribute the recent soaring rates to longer routes for vessels --especially to Chinese ports -- severe port congestion, and the number of vessels available to meet rising demand.
Is this considered a big decline in two days? Just asking..... I thought the BDI record was 7007 not 7077? I am new to the board and trying to figure out whether I should invest in shipping stocks or put my money elsewhere - neither short nor long at this point. It seems that some of the dry bulkers missed today on earnings. I am surprised by this given the BDI over the last few months. I am also surprised that the stock prices are up in AH given the misses. Any comments would be appreciated.