Looks like you were right! I actually sold my EXM at $79 and $77.40 today because I moved it into DRYS! OUCH! Although, I added in increments on the way down, but ran out of powder well above the low! Man...this was NOT fun!
Gee, thanks, Bill. And, no...I didn't lose my ass as I sold my EXM near the top today. I also have been in DRYS since $50...all I said was I added some on the way down and got hurt today. Why call people names? Geesh!
Really? Why? I had been spread between the two, but thought the spot market would favor DRYS. Although EXM is more conservative. In hind sight, it doesn't matter today as they both got crushed! I, frankly, don't see the reasoning, other than selling begat more selling...Can't say I'm very happy today as I added to DRYS in the teens and low 20's after holding a core from the 50's. Well, I guess I will stay focused on ER. Not too nice a birthday present for me today! :(