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Eagle Bulk Shipping, Inc. Message Board

dr.drys 1 post  |  Last Activity: Oct 28, 2014 8:23 PM Member since: May 9, 2009
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  • I knew 4-5 months ago that the maturing debt presented a lot of risk, so I covered my whole position by buying Dec Puts (just after the maturity date). Yesterday I covered the puts with a healthy gain, so I am fully long again. Dryships has wild financing cash flows, and the newbies always over sell on that news. Cash flow is cash flow. It is eventually a blip. Up from here. Fully exposed now.

EGLE
13.65-0.14(-1.02%)9:56 AMEST

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