until year end, or until the market has it's correction...Is to stay on the sidelines, let nature run it's course. The market will correct, and correct fairly hard. It does not need an event to trigger a sell-off, the market could just collapse. In this correction, there will be very....very few stocks that don't get hit, and for sure shippers will not be some of the few that don't, they will get hit much worse than the market.
This market is on thin ice, look at Google, up well over a $100, yes it is a high dollar stock, but adding this much market cap is unrealistic....There again, there is no fear in the market...TSLA....Major bubble, but WS and it's analyst continue to upgrade their price target...Many do this just to get on CNBC....,,PCLN....NFLX and many others....Absolutely not a fear in the world, everything is peaches and cream....It always is just before the markets collapse.
Shippers are up huge off the bottom, they are not likely to rally further from here, especially with global economies not being that strong. If you are long, get out on any pop, or now for that matter. Of course there could be a bounce any day, but not much.
That was the best way to place DRYS back then, it tanked, could have bought it back below $3....I sold all @4.00 & 04.01...I am up just a tad over 100% YTD in two accounts, how is your play money doing, idiot.
I make money while you play with all your ID's. I can't help that you have no self esteem, that you feel inferior, or that you feel threatened. That's your problem, dragging up old post shows just how sick you are.
Yes, that would have been the right play with DRYS, it was trading around 3.50 at the time of this post....Went to the sidelines then, you would have been much better off. Right now @2.93, you would have been .57 cents better off. If you would have been out (like myself), you would have an opportunity to buy much....much....cheaper....Like myself....
kem60, you are an idiot, and you know it, I know it, and everyone else knows it, as they should.
Trading above 3.45 at the time of this post. Investors will keep on buying the dip, or until they find out it no longer works. The broader market has topped out, the BDI has reversed & is headed down. If indeed this is a correction beginning, buying on the way down is a losing trade, it will make you sad, it will almost make you cry. Investors don't get it, they are right back in there on NFLX, it is still overvalued by more than $100 dollars, maybe $200.....A correction will take care of it, will take care of all of them. We are over a year behind on not getting one.
George will excelerate on getting those shares out the door., he sees his dollars slipping away. When he announced the ATM, the price closed that day at 3.78. We have yet to see the final shakeout of these shipping companies. More than likely companies like FREE*TOPS*SHIP*ESEA*..And others will be a goner, and others
Wall Street is paying no attention to company earnings, many big, high profile companies have missed & saw their outlook looking weak.....Not a fear in the world, they think. They paid no attention to WalMart had to say, Mickey D's not good....Many signs being ignored, they are still there pumping. It may take a few weeks before the correction gets going. CAT this morning, IBM a few weeks back....Most all tech companies reporting weak, or guiding lower....Being ignored, they still want to buy this dip, or the dips. Another buy program just kicked in, rallying the Dow. They will soon get the message.
Oil boom in Texas & North Dakota sounds kind of like the shipping sector back during the bubble, the talk about the big money being made there sounds good, almost too go to be true. The price usually takes care of this kind of talk, no telling how low oil will go.....ORIG....