And now were coming back. Fraud St. missed selling the top and now will miss buying the bottom. Just the way it is. The Fraud St.coke freaks managing the herds' money...no chance...just can't keep up. Not nimble nor witty enough to mentally joust with GE. DRYS and ORIG will run. Give'em time. 5% pop today is encouraging.
I'm not sold out. I still own it from the first trip under $8. Killed me not to sell $9.20. But trade a few around here and your basis drops/profit rises while we wait. Not swinging for fences now. Not yet. Got good profit like this morning? Take it. Yesterday they just steam rolled this down and down. Today bought it all back. Laughable. Well it cost someone north of a grand. RIG short on the other hand won't die. Protecting that like it was AAPL or something. Well it's such an easy trade, they have to go the other ways to shake out and discourage the weenies. Good weekend to ya.
Fraud St. is finding it harder and harder to exploit and rip-off the world. Imagine that? It's why stock markets are at record highs and no one will go near the ponzi ca-rap. Poor buggers stuffing those .00401ks and mutual funds...another tough lesson we all know now but still to be learnt by others in the future.
DRYS is under $1. Simple.
With all due respect to the author, Mr. Dizard, Smart Money including myself sold out of dry bulk long ago and perhaps very early in the cycle. DRYS shot to $100 and I was done. Never touched it again. Why? We all read this story nearly ten years ago. It's called Greek shipping for a reason.
We all knew back then what you're writing here. However, now that "Wall Street got it wrong" [again...anyone tired of hearing this? Shocked are you?] these bulk shippers are dead money? Hardly. GE just spent over $110M buying shares himself in DRYS. Bottom-line is he herd raced into the top only to flee the bottom. At $.95, this smart money is back. Fraud St. missed the top and it will miss the bottom. I guarantee you Greek shipping is not going away. Nor is DRYS. That's right, GE isn't going to hand you family money. You're going to have to enter the ring and take your chances with the rest o us puting it on the line. Really it's truly amazing how Mr. Dizard's manifesto suggests so simply money should fly out of investments into your pockets. That fact is, money flies out of your pockets as fast as Fraud St can vacuum it. Smart money has been shorting shipping since 2006 just like it was betting against housing while peddling investments to all its best customers!
I get what you're saying and it makes sense, but fleet owners are like rental companies. If they're seeing renters make more, prices will rise. Not in a glut of course. Add demand and rates could become really exciting. Frankly, this is where DRYS was 8 years ago.
Great! If that's the case, pick one. Jack it up. And then have someone lower it on your head and report back on Monday what you've learned. Really, jrmills? You're this pathetic...
Just when I start warming up to you, you go and say something like this...
Just because twice the goods can pass on vessels 1.5x length and width, doesn't mean cheaper. It means faster...as in more expensive. Saving time is money.
Yeah, it's only beta down. You see my post re Greek buying dry bulk ships? They know. Fraud St. knows BDI won't stay here forever. Of course, everyone will want to sell you DRYS when it's $20, right? Yeah, what happens at $1 stays at $1. But only for so long. Remember, at some point, GE will want to use DRYS for collateral. lol
bdi, not a chance. DRYS will need to deal with ABN bridge secured with ORIG collateral by Dec 15. Then another $125M(?) in 2016. So BDI would have to skyrocket and DRYS capitalize, tankers continue to kill it and ORIG drill it. Then, DRYS could easily service debt without refi. 99.999999% won't happen. But any improvements are huge because right now DRYS might as well be on the moon...Fraud St is pounding it because that's the sentiment it wants you to believe. Meanwhile, the Greeks are buying up everything distressed! Well, DRYS looks as distressed as ever...think like a Greek? You bet.
Greeks buying up shipping...Panama Canal being expanded...yet Fraud St. pounding down shipping stocks? I get it it's not go-go days in bulk, but these aren't going away. Remember gold back in 2003? Miners were a TERRIBLE idea? Now to me. Even back then I said gold was going over $1k and got nothing but scoff. Suit yourselves...
Point is I look carefully at what successful does vs. Fraud St's active appraisal thereof. The Greeks are snapping up distressed assets for a song just like gold, just like banks--like Wells Fargo at $8 in 2007.
No one is snapping up cheap AMSC anything. You have a dunce for a CEO. While my timing might be off, dilution won't save this. Nothing will. Convince yourself not me. Nothing personal, it's just going to happen. One way or another baggies will lose on AMSC and unfortunately it is the stock you're betting on like it or not.
Fraud St.doesn't want anyone buying shipping now...just like buying gold stocks around 2003. Nah. They'd rather sell you shipping stocks 10-years from now 10 to 50 times higher. While you might not like GE, he knows shipping and how to make money!
Dry bulk is not going away. GE has sucked billions from investors to build this empire. The fact he bought $80M shares for himself at $1.40 doesn't bother me. I hope the guy gets $50 per share! Only leeches want profit reward without risk.
The Panama Canal expansion project (also called the Third Set of Locks Project) is intended to double the capacity of the Panama Canal by 2016 by creating a new lane of traffic and allowing more and larger ships to transit.
Couldn't be any more blatant. I'm not suggesting the go-go days are here, but considering all the negativity already baked into a $.96 stock, the naysayers are ignoring not only reality but potential building up. Safety glasses, folks. $3
I'm in for a few. Looks to me like someone bought up the bid to $1.08 and now wants to dump'em. You know this is illegal you know. Well yesterday it was ORIG under siege might as well be DRYS today. Fill'em.
I'm shocked the disgruntled bagholders have even left. Someone has to quell the pumptourage here lest vulnerable, unsuspecting folks come along and get fleeced! Bwahahaha! BFG won't let that happen. From cradle to grave, the BFG will bury this one.