IT can't be all that bad if DRYS is holding at around 1.80
If it was really bad it would have brought the PPS down to below 1.46 and it's not there so something positive should be taken from the 4Q report, maybe bottoming? new contracts? So what if they need to sell more shares to balance the books. I think the bottom is nearly in, don't all you longs agree? GLTA
Blu, I agree with kem, plus the USA is starting to show real growth, as are other major industrial economies. 2014 should be a breakout year and the markets are usually 6 to 12 month ahead of the cycle. GL.
Europe in a recession, China slowing. Some economist even saying we are now in a recession. WE HAVE YET TO SEE THE FINAL SHAKEOUT IN THE SHIPPING SECTOR, we will before things turn around. Many companies will go bankrupt, it will take this for the shipping sector to get back to normal., plus booming economies around the world....WE are probably 2-3 years from this happening.
Plus....Plus the stock markets are forming a bubble, much of the upside will
have to be purged. We will see this over the next several months, nothing goes up forever, nothing stays up forever.
George obviously coached this time. Throw it all on the table, the good, the bad and the ugly. When there are no bogeymen in the closet, short sellers et al have nothing to work with. This has worked for RIMM, Hewlett and others. It will work here too. Don't sugarcoat anything.
This why I said before the open to read the Powerpoint. I read it and knew my bid would never be hit.