The market is apparently much weaker than implied by the Dow recover of late.
Lots of this now seen as brief trading into equities and out of commodities.
As that trade sours, and that money exits,who'll be left to buy?
Regardless of BDI bounces, or anything, the shares in DRYs could especially suffer a
downdraft, much as we saw almost regularly in January when the shares touched $48.
By the way, when shares touches $48, sellers were tossing this away at about 2.5 x earnings.
Dont doubt this cant happen again.
PlayTow was just trying to get this stock on clearance.... His bad.... That's why we BUILD positions, not hope to catch a shooting star! He thought he could get under a bridge..... Turns out he hit it head on!! Hopefully, he becomes a believer again and gets aboard on weakness. Most think BDI will hit new all time high before the end of the year.
If DRYS doesn't finish above $73.00 tomorrow, i won't write another messsage until October. You on the other hand must agree to stay away until October unless it finishes under $67. I assume there is no bet because you have no clue - but like to read the responses to your posts.
after reaching 48 it rebounded to 110 this time it hit a higher low 66 now the rebound takes out highs of 130 due to bdi going thru the roof for the winter season
you better cover before you lose everything
[after reaching 48 it rebounded to 110 this time it hit a higher low 66 now the rebound takes out highs of 130 due to bdi going thru the roof for the winter season
you better cover before you lose everything ]
I can only hope it goes that high! I have lowered my average by picking up more in the low 70's and once in the high 60's. I am now at 82.35, was at 96 or 98 for a while!