Well, two, actually. One: Do you realize you are idiots? Two: Do you really think you make a difference? Who told you or where did you get the idea your stupid little drive by posts would matter?
LOL! How many IDs that look like mine do you intend to create in your stupid obsession of trying to get "even" with me for making you look stupid?
I think it should easily surpass $5. Right now it is priced as if the tankers and bulkers had no value at all. If the rates triple or even quintuple this fall about the same time Ocean Rig is hitting on all cylinders with the Skyros earning the entire second half of the year and the Athena earning starting in Q4, DRYS share price should move up smartly. Of course, with Economou at the helm, there is always the unforeseen risk of some cowboy like action that he seems to foist on shareholders every now and them…. so keep one eye on him and one finger on the sell button for when he decides to do something and tell investors "if you don't like it, sell the stock".
What makes you think they aren't ordering ore? They likely imported 65-70 million tons in March. Most of it however, is hauled on ships owned by steelmakers outright or through JVs, on ships used to fulfill COAs, on ships on time charters or on ships owned by the miners themselves. None of these voyages impact in any way the BDI.
If the slumping BDI is what you are looking at, you need to understand that it is the incremental ships needed above and beyond those contracted in ways other than spot voyages. And spot voyage rates, the BDI, fluctuate for many reasons other than pure demand. Ships being out of position drive up rates just as a glut of ships in one area can drive down those rates. Enough to pull down the entire class as it is averaged over four main routes for Capes. New ship deliveries clustered together can affect rates. Weather can both drive up or down rates. Pure demand, or the sheer tonne miles booked on a given day can be up even if the rates go down.
It just isn't as simple as the CNBC talking heads would have you believe. They suggest the BDI is an indicator of "worldwide economic activity". Bunch of hooey. If that were true, then China would not have imported record tonnage of ore, coal and all grains last year even as the BDI stood at multi year low averages. The BDI is simply a measure on a given day of the expected demand/supply balance of dry bulk vessels of the four main classes. That pundits read so much more into it shows they just don't understand it. With 10000 bulkers now versus 5000 in 2005, is it really even relevant to look at the rates for a fleet TWICE the size and expect to gauge economic activity by those rates? Hardly.
Not mad at you stevegarvey23I/lightson1999. You shouldn't try to scam people with your investment advice scheme and your fictitious trades.
You haven't actually studied the idea you are discussing. You need to think about new build delivery schedule as a function of increasing demand weighed against scrapping of older ships. In other words. do some research instead of reading Seeking Alpha.
I don't see it. 21 trading days only. You are saying the are pulling in $325k a day. No way, now how. Let's just take today for example. 4.4 million shares. Hanover can sell 20%. 880k share for them. At $0.25 per share, that gets them $220k. The problem is that the volume is that high ONLY for the last four trading days. Most days, its in the 2.5 million share range. Now, as the price drops, yeah, there are more idiot gamblers swinging for the fence, pushing up the share volume as the HFT kicks in and skims 1/2 a penny or so off the top of each trade.
This thing is a scam at this point. These idiots running this show really thought their coal mine deals would fool people. All it did was clearly show what liars the management of this company really are. Liars, thieves and cowards. Bet they never have a conference call. Hey, wanna buy some nickel wire?
You are sort of a nut, arncha? Ever hear of Hanover?