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Diana Shipping Inc. Message Board

  • audiophul audiophul Apr 17, 2013 9:59 AM Flag

    You say I haven't given a buy signal?

    How's this sound? After the worst quarter in the history of Diana Shipping is reported and the BDI hits it's low point for the year this summer, I'd say wade in. Late this year. You guys acting like you KNEW there would be a stupid shipping rally that took the whole sector, junk and all, up on dumb comments by talking heads on TV that didn't and still DON'T know what they are talking about when it comes to shipping is hilarious. You try to gloat like it was something YOU foresaw and acted on. Bull.

    Now, yes, DSX is poised to do better than others. That is the result of passing on huge profits in the peak times. The mistake others made wasn't to be on spot, it was to expand too rapidly. Had Diana been more aggressive on spot chartering in 2006-2008, they'd have twice as much cash at this point.

    So buy after Q2 is reported and the bottom for the BDI is in for the year. That absolute level is far from certain, it depends on the overall market. We get a 30% correction on the S&P, it could be half what it is now.

2.56+0.07(+2.81%)Oct 28 4:02 PMEDT