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International Business Machines Corporation Message Board

jrmills0014 576 posts  |  Last Activity: 14 minutes ago Member since: May 25, 2002
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  • Reply to

    Reason for sector wide sell off...

    by audiophul Sep 22, 2014 4:19 PM
    jrmills0014 jrmills0014 Sep 23, 2014 8:48 AM Flag

    The reason for sell off is all Drybulkers are losing big time money...Rates for bulkers suck.. Panys leasing at all time lows...Not only are rates not going up this year as last.. In last week.. Rates for Panys dropped $1K per day.. From $7500. per day to $6500.. Capes dropped from $17K per day to $14K.. Check BDI.. Year ago rates for Capes were like $38K per day and going up, (not down).. I think rates for Panys were like $16K per day... China announced earlier in yr.. It would take at least 2 yrs before they worked thru their financial problems...

  • jrmills0014 jrmills0014 Sep 22, 2014 2:30 PM Flag

    I been playing Drys to go down since it come off $5. I know it ain't woth $2. per shr.. Now p'ed off.. Didn't make #$%$ with short money.. Last week Sold 10 $3.50 Sept 20 Puts for .50 last thur. as manipulators held stk price up..Now am really p'sed.. Now they are letting it drop? But don't worry about me.. This is just for entertainment anymore.. Playing with few dollars.. Week before last.. Sold 10 puts expiring for .30.. Turned around and bought those puts I sold last wk for .34.. Big friggin deal.. Got .50 for them, minus fees, both ways. F Drys at $3, a shr.. With what bulkers are leasing for.. And rates going down.. Got to be big glut of bulkers?? I'm wanting it to go up, before they report 3rd qtr results.. But as usual, Manipulators are one step ahead.. But give devil his dues.. Drys should already be under $2. per shr.. But at these prices. I am out of the game.. Will keep an eye on rates for bulkers.. My thinking.. All drybulkers are going BK eventually.. And some are selling, like they are oblivious, to what bulkers are leasing for??? I got a few puts on one drybulker.. Got $600. waiting to see what they are trading at, when they report.. And Drys may be worst of litter..They lie about their loses.. Roll in Orig figures.. I'll probably be playing another drybulker to bite the dust... And check out how fast they can bite the dust.. Check out HI and LOW for Newl, Free, EGLE, Gnk, have been in lasr yr. as stk holders lost all their equity.. How in hell are holders of the other drybulker stk ignoring what these greeks are doing?? Seems like they are like alkada or other Sobs, that hate the U.S. I understand! Idiots put someone in whitehouse..Just wanted to jump on soap box and claim he is in in charge of everything..Oh he done that for first few yrs.. I promise you.. Saudi Arabia with all their wealth. Should be getting all the other Opec members to keep everything in tack in that part of the world,, And if they run into a problem.. Then U.S. helps!

  • Reply to

    Tale of preferred shares

    by warmcamp Sep 20, 2014 2:45 PM
    jrmills0014 jrmills0014 Sep 22, 2014 11:26 AM Flag

    Without going back and reading contract.. Didn't they get that $60M Cape leased for about 1 yr.. That would have made them breaking about even? Now spot rates for capes are $14.4K per day.. How is paying $60M for that Cape going to look, when they re-lease that cape? And how do other Capes contracts look? I know how those 20 panama look, right now.. With spot rates for panys at $6.5K per day.. And DSX may have theirs leased at average of $3K per day , higher than going rates?? As for these Drybulkers.. I have concluded ain't that much difference in any of them... If I wanted to play one to go up over long time.. I would be looking at ones the stk holders, have already been wiped out and selling for little of nothing.. So far DSX, Drys, NM and few others, ain't revealed, their true value... I will repeat.. I don't see lot of difference in any of them.. Large or small.. If bulkers were leasing at profitable rates. Great! Problem is! Rates suck.. Right now, rates would have to go up about 50% for DSX to get back to profitability.. Drys with more debt..Rates would have to about triple for them to get back to profitability.. And for last 2 weeks rates have been going down. Not up.. I know what a POS FREE, trading at .20 and NEWL at .07 are.. But rather play them than ones, that rubber ain't hit the road yet..BTW: Biggest joke of all.. Bunch of crooks out of Monaco, took SALT public in 2013.. Seems to already got stk holders and lenders on the hook for $3B.. When are idiots going to learn?

  • jrmills0014 jrmills0014 Sep 22, 2014 9:32 AM Flag

    So you are smart enough to realize.. They don't give those rigs away.. I knew you would figure something out one day.. That gets us to GE ordering these last 2 at near $700M apiece.. I figure reason he ordered them, with no demand.. So Cardiff could charge 30% commission for ordering them, while Orig had big revenues coming in.. Bottom line.. I think GE sells stk holders down the drink, every chance he has.. And that is every day.. As everything is handled by his private Co. Cardiff.. And as CEO of Drys and Orig.. He decides what happens to money they spend..

  • Tomorrow Panamax will have dropped every day for last 2 wks from $7.5K.. What rates for capes do, not as important to Drys as those 24 Panys, But in last couple of weeks they have dropped from about $17K per day.. You should learn to read that BDI.. They post it in Drys website every morning, as daily mkt report... And ignore idiots telling you what rates are going to do! They been saying that since 08, they were going to go up.. Now rates about 1/10th of what they were back then.. And every drybulker is losing money.. Half of them, stk holders done been wiped out... If rates don't improve quit a bit.. Rest will eventually join them...Last time Drys reported any earnings.. All their bulkers were generating about $27K per day.. Now Capes @ $14.4K, Panys @ $6.5K.. Those 2 Supras @ $10K per day.. All the other BS these idiots post.. Irreivant...

  • Reply to

    Orig almost at 52 weeks lows!!!

    by felipo3 Sep 19, 2014 2:49 PM
    jrmills0014 jrmills0014 Sep 19, 2014 5:34 PM Flag

    Here is how gullable people really are.. These drybulkers going to suck the marrow out of bones, before giving up this scam! This yr.. Stk holders done been wiped out in SHIP, EGLE, GNK + Newl... Even with that.. Still buying new issued shrs of Drys..After already buying over $2B worth? And paying hefty price stk pride on BS, out of DSX and NM.. I don't care what you say! They are reselling common stk as preferred stk.. They get the money from sell of preferred.. Common stk holders getting the shaft! While those shrs, don't show as shrs outstanding.. Stk is getting diluted.. Not only that.. That money they got.. Paying like 9% divvy, is charged against stk holders equity.. Just a matter of time.. Unless we see dramatic improvement for bulker rates.. Which have dropped 10 fold over last several yr.. Before they are added to pile, with SHIP, EGLE, GNK + Newl..

  • Reply to

    Orig almost at 52 weeks lows!!!

    by felipo3 Sep 19, 2014 2:49 PM
    jrmills0014 jrmills0014 Sep 19, 2014 4:49 PM Flag

    Was 2 great scams on American Greed last Nite.. Little ole lady, told little neighborhood group, she had a Co.. Buying up car loans.. Paying 29% interest.. That group invested all their money with her..She started out paying them like 15% every mth on their investment..Word spread.. People give her over $100M before rubber hit the road.. Of course she was living like royalty..Anybody not smart enough to know how shaky a car loan is that interest is 29%.. Don't know much? Buddy of mine had like 100 used car on his lot.. Told me he could sell everyone of them that day, if he would finance them.. Then dude in S.C. over like 15 yrs.. people had give him over $100M. Which supposedly he was buying up silver.. They thought they were getting rich when silver run from $10.oz to $40. an oz.. Every $10K invested worth $40K.. problem was he never bought no silver.. Just spent their money.. He got 16 1/2 yrs.. Will get out when 98 yrs old.. Now all that went on in U.S. These Drybulkers lot bigger than all that little piddly BS.. But were incorporated thru Cyprus, and headquartered in Greece? People have sent them billions and billions of dollars.. And they tell you results are unaudited.. And tell you laws protecting them.. If what they are telling you turns out not to be the truth..

  • Reply to

    Orig almost at 52 weeks lows!!!

    by felipo3 Sep 19, 2014 2:49 PM
    jrmills0014 jrmills0014 Sep 19, 2014 3:56 PM Flag

    It could get ugly.. With where oil prices been bouncing.. Orig needs to get some contracts signed on their rigs... GE said, the reason they hadn't been leasing any.. It was weak mkt for rigs..And that was when oil was at $105.. Now oil bouncing from $91. to $95. Right now its at $92.44... Orig may have more problems than Drys.. Ain't been getting any of existing rigs leased. And recently ordered 2 more @ upward of $700M apiece... If Orig tanks, it would carry Drys with it.. Even thou they been separated from Drys.. Drys still owns about 50% of their stk..That Drys can use and have already used some as collateral against loans...And of course, they could sell more... Lot of difference in selling at $18. per shr.. Than $6. And within 6 mths.. there is possibility Orig could actually drop like that... May be very little demand to drill in deep water? And lower oil goes, less oil Cos, will pay to lease rigs... Didn't stop GE from ordering those last 2 newbuilds.. Even thou Orig done got $4.4B debt.. As GE is only one who has ever seen any benefits out of Drys and Orig... I hope it all comes tumbling down over his greedy ears.. I don't think these drybulkers much more than a Ponzi scam to begin with.. Traditionally money from new investors, used to pay others.. Just need to keep getting new money coming in.. But eventually can't generate enough to pay what is owed.. Drys started out in 2005, with 30M shrs.. Even payed a small divvy for about 1 yr...Since then, have sold another 400M shrs.. And all earnings have disappeared.. Now got more debt than they can service.. GE is multi billionare and owns one of worlds biggest art collections.. Yall need to start watching American Greed on T.V. All big scams remind me of these drybulker stks....

  • Rates could double.. And they still wouldn't rate a hold... They do post BDI in Drys website every morning as daily market report.. But to appreciate how bad rates are.. You need to know about what they would have to go back to.. For drybulkers, to even get back to breakeven status..All Drybulkers are losing money.. And going to get worse...

  • That happens to be $5K per day less than one yr. ago, for Panys.. And DSX has 20 of them.. Wait!! Wasn't DSX already losing money a year ago.. I personally think all these Drybulkers are strong sells.. Based on what spot rates for bulkers are doing.. And have done all yr...All year idiots telling us rates getting ready to turn around and go up.. What a crock!!!!

  • jrmills0014 jrmills0014 Sep 19, 2014 10:10 AM Flag

    You must have been dropped on your head a lot also... With the debt drybulkers have and loses they are ringing up.. These SOB's are trying to get rid of bulkers.. Not order more...In last 2 yrs.. I remember 8 Drys got rid of.. Got lucky, ship builder, run into trouble and they didn't have to come up with money to continue paying to have those last 4 newbuild Panys built.. They been scratching their arz for well over a yr, as what to do about them...I think they would have already cancelled them. And eat what already payed to builder if they would have had money to pay cancellation charges.. Like I said.. They got lucky, when China Gvmt, stopped subsidizing those shipbuilders, losing money... What surprised me.. How shipbuilder come up with money, to return to Drys for what they had already paid them toward building them.. On that note.. I got so I don't believe much of anything GE says? In this case.. I do believe him??

  • jrmills0014 jrmills0014 Sep 19, 2014 9:46 AM Flag

    I didn't think rates for Panys would drop under $7K as rates for them come off like $18K at first of yr.. They didn't hardly slow down at $7K.. Dropped down to $3.3K per day 2 mths ago.. Bounced back to $7.5K per day.. Now for last 8 days dropping again.. Now at $6.5K per day... Capes of Drys, lot less worryingsome? They don't keep them on spot rates as they do most of those Panys...

  • jrmills0014 jrmills0014 Sep 19, 2014 9:34 AM Flag

    Yea boy! Since first of year.. Rates for capes gone from $38K to now $14K per day.. Panys from $18K to now $6.5K.. Now after it drops a little more.. Then bounces back a little... Makes it a strong buy?? You must have been dropped on your head a lot, when you were a baby!! Cause something seems to be wrong with your brain.. Right now rates for those Panys. Of which Drys, has 24.. Are leasing for $5K per day less than one yr ago..And Drys lost $223M in 2013...Do you happen to work for Deautcha Bank?

  • Reply to

    DB did a job on DRYS yesterday

    by db_insider Sep 18, 2014 3:27 PM
    jrmills0014 jrmills0014 Sep 18, 2014 11:20 PM Flag

    All they done was tell people to buy.. What would you tell people, if you were selling? What you think..They ain't crazy.. If you don't think they know what those 24 Panamax of Drys are leasing for.. Which makes the about worthless.. Think again.... I checked the major holders board yesterday.. DB was biggest institutional holder.. May not be now? Got a feeling they are dumping?

  • He had already sold 300M shrs of Drys stk($1.5B-$2B). Had borrowed $2B against assets.. And had all the bulkers and first 2 rigs on lucrative leases.. Were paying their way, paying for 4 rigs to be built. And still producing profits.. And according to how they were reporting.. Those 4 rigs coming in 2011, should have been about payed for.. No way, should Drys needed to sell any of Orig? And as those 4 rigs got added in 2011... Drys earnings should have seen big jumps... Drys never really seen anything out of Orig...Now have seen $30M in dividend payments.. Problem is.. No longer own Orig, just stk. And have $1.5B - $2B debt.. And losing over $200M per yr.. GE sold another 80M shrs of Drys in 2011? Then let dust settle in 2012. Didn't sell any.. Started back selling another $200M worth in 2013..Now drys outstanding shrs.. From 413M to 454M? Now you can figure out for yourself where the billions Orig has generated in revenue, last few yrs have gone.. As now have sold another $500M if that stk.. And he has borrowed $4.4B against their assets? As of right now, equity stk holders own in Drys.. May not be worth a hill of beans? So where did all the money go? I sold last 10 puts I had in Drys yesterday.. This is coming from someone who has no position at all in Drys, at present... So good luck to all..

  • Reply to

    Who shot JR?

    by bg4value Sep 17, 2014 1:15 PM
    jrmills0014 jrmills0014 Sep 18, 2014 1:26 PM Flag

    Bump, just want to see what happens..

  • Money from sell of 80M shrs of DSX is gone..($800M at $10.) All profits from when they were profitable is gone..(who knows how much that was). Now have about $400M debt. And losing money..And rates for bulkers, just keep falling...(have for several yrs).. loses just going to keep getting worse.. Insult to injury! Officers selling any equity off as preferred stk.. ( like $87M, so far this yr.).. That's like taking stk you bought.. And reselling it again.. But preferred stk, first in line, for any equity, should DSX file Chtr. 11.. Common stk holders, last in line... I may be crazy one in the crowd? But I think all drybulkers are basically worthless, as far as common stk holders? But don't feel too stupid.. Goe E, has sold idiots like 450M shrs of Drys..At maybe average of over $5. per shr...And they are in way worse shape than DSX? But do own shrs in ORIG? When that stk is all burnt up.. Drys will be next on BK pile...

  • jrmills0014 jrmills0014 Sep 18, 2014 12:26 PM Flag

    Now Sept 18th.. Why is this stk still trading? Did crooks, just promise those 4 capes, while they could keep selling idiots stk?? Hell if they just flat out lied to Nasdaq, to keep it listed.. Worst thing that will happen to them.. Ship gets delisted...At one point.. I actually thought about buying some? But then read what they were really saying... As anyone should do with any Drybulker.. These Greeks, seem to be anything but truthfull? While selling as much stk possible and borrowing as much as possible against any assets? We know any equity stk holders ever owned in SHIP is gone.. How much you recon, lenders lost? And same bunch, still in charge, trying to hustle new stk buyers? But got serious problem.. Even with 4 debt free Capes.. Capes ain't leasing for enough to be profitable, with no debt....So if they issued bunch of new stk to cover, their expense of those 4 Capes.. It really wouldn't be worth nothing... Just start losing money out of gate....All that stk they intend to take.. May turn out to be basically worthless.. In mean time, What are 4, 7 1/2 yr. old Capes really worth? I figure hell of a lot less, than what they thought they would be able to sell idiots, all that new stk, they intended to issue themselves? But make no mistake.. Lot of idiots out there...They sold billions and billions of drybulker stk.. Before they all started going BK..

  • Reply to

    Who shot JR?

    by bg4value Sep 17, 2014 1:15 PM
    jrmills0014 jrmills0014 Sep 18, 2014 11:14 AM Flag

    Who can or is it legal for them to do what they are doing to my post... Who can just have my post removed..

  • Reply to

    Who shot JR?

    by bg4value Sep 17, 2014 1:15 PM
    jrmills0014 jrmills0014 Sep 18, 2014 11:13 AM Flag

    This last post went to top, just to go back to middle of pack. And has remove on it?

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