Seems rates for all classes going higher also..
You better be careful? Drys could jump from here... Rates for their 24 Panamax have gone up a little everyday for last 4 sessions.. Not a lot.. But year ago, We saw 2 "BIG" spike ups in rates.. From Sept. thru Dec.. If rates were to start spiking up, as a yr ago.. Could see pretty good jump in these drybulkers? I have no idea what caused those 2 big spike ups a yr ago.. Just know they happened? Reality: Couldn't drybulkers just pull part of their fleet out of mkt.. And cause rates to go up? If they would work together? They could control rates for bulkers, like OPEC controls price of oil... Drys would be lot better off, operating 12 of their Panamax at $13K per day.. Than 24 at $6.5K?
Since you want to sound intelligent! Why don't you tell us what chart you been reading, to give you insight as to what Drys is going to trade at? Personally only thing that influences me.. What BDI does... If you been trading Drys off some chart.. You just as dumb as audio.. I take that back.. Couldn't be 3 people that dumb..Kemmy being other one...
Reality there is no play on Drys at $2.50.. I told kemmy when he/she bought at $2.80.. Hope they issued a jar of KY Jelly..
I think that may be good pick.. Looks like DSX will go back to $10. by Oct 18th.. To knock out those 500+ $10. puts?
You would have been well advised to read those long rants.. And decyphered them.. Can't explain what GE has done to Drys, in a few words. Try to explaine between 2005 and 2010, in few words... How money from $2B worth of Drys stk sales, disappeared with all revenues and profits.. And he had already piled more debt on Drys than they could service.. And hell no, still drinking like a fish!!! Now just got to figure, when he will have Orig worthless? Orig just looks like duplicate of Drys.. GE's been taking all the revenues and profits, while rigs were leasing at decent rates.. And done piled so much debt on them, just a matter of time?? Now with 4 newbuild rigs ordered.. And leases on existing ones, starting to expire.. And obviously, they can't get new contracts signed for existing rigs or newbuilds?? Don't matter to GE, he's done made his billions...
Rates still ain't good by far sight...But rates for Panys are very important to Drys.. Lot better to be going up than down!
Not that they are good rates.. But as DSX has 20 Panamax.. Better to be going up than down!
I let it be known, what I thought of that BS.. But now questioning.. Of course Drys done dropped over .50.. But looked to me, that DB telling others to buy while they were selling? But what if DB was earnest... What if they know something we don't? As to what rates for bulkers are going to do? I sure don't know.. But as rates for Panamax are very important to Drys and DSX.. Big portion of their fleets are panys.. Not they been going up much.. But for last week, have gone up every day...If I had to bet.. I would bet rates going higher? Don't know they will go up enough, to make Drys a buy.. But with rates going up... I sure wouldn't be playing it to go down..
I knew that was crazy, with what rates for bulkers were doing.. But now with rates for Panys going up every day for last week.. And now DSX at $9.05.. It may be getting to buy rating? And with the trillions, DB has.. They could very easily drive it higher? I will divulge this.. At over $10.. I bought a few puts.. Now have bought a few calls.. I'm expecting rates for bulkers to go up.. And what if they have a big spike up, like the 2 they had between Sept and Dec, in 2013? If so, DSX could very easily run back up to $12. Now that is coming from an idiot.. Who is wrong more than right, about what mkt is going to do..
I'm with lady. I think they are basically thieves? But the point being.. Rates for Panys have went up every day for last week! Stk done been beat down pretty bad! If rates for bulkers continue higher.. Could see nice little rebound in stk price? And with the trillions DB wheels and deals.. These drybulkers are small fry... They may decide to drive them higher??
Pattb, not exactly true.. They would have not lent GE $4.4B without signed contracts on rigs.. Now look at situation.. And they do have to pay rig builders a certain amount up front to, start building a new rig.. At 20% of like $3B for those 4 newbuilds.. Orig will be paying interest on that money for 3 yrs.. As rigs being built? Hey oil prices had went up a little.. But now on 9/31/14.. Oil down over $3. today.. Now trading back to $91.40? And as qtr is ending.. $450M of backlog burned up.. With no new contracts being signed?? Don't know if it good or bad for UDW rigs.. Guess it determines how deep water is? But yesterday.. Announced big oil field (over 100B brls) discovered in anartic? But do know, can't be good, to keep oil prices up!
Thusly pulling down Orig.. But no reason for DSX to be going down, on anything reported today? Quit contrare, should be going up as.. They own 20 Panamax.. And for last week.. Rates been going up every day.. May be worth betting a little of money(Not much).. Betting rates for Panys will continue going up..And DSX will turn around? In the mean time, be sure and keep an eye on what Panamaxes are doing.. Drys has 24 Panys.. DSX has 20.. The big differences in Drys+Orig.. Drys owns stk in Orig.. Today very negative? But other than that.. Drys has like 450M shrs outstanding.. DSX like 80M shrs.. Drys has like $1.7B debt. DSX like $350M.. And best I could figure Drys lost like $75M in 2nd qtr.. DSX lost like $6M? If there is one Drybulker, that survives.. It may be DSX??? And make no mistake.. I ain't advising anybody to invest in these sorry drybulkers.But if you just got to.. I think DSX is pick of litter? If rates for Panamaxes continue to go up? Look for DSX to go to $12. a shr.. At one time looked like Orig, was very valuable? Now appears.. Orig, maybe in worst shape than Drys?? With $4.4B debt.. And got 4 newbuild rigs to pay for.. And ain't getting any contracts signed for existing rigs or newbuilds? If things don't change for Orig.. Within next 2 qtrs.. They will be reporting loses.. That will dwarf what drybulkers are reporting?? If Orig is worthless? Drys is way past worthless?
That should have said difference in DRYS + DSX.. Not difference in Drys + Orig...
In the mean time.. Listen to this idiot.. Posted bought at $2.80.. I told "it".. Hope they issued it , a jar of KY jelly! You would have been well advised to have been listning to the broke drunkard.. When DB put a buy rating on Drys at $3. per shr.. I had a few puts, that I made a little money on as it continued to fall..Regardless of how wrong kemmy and audio have been, as it dropped from $5. per shr, this yr... Still trying to act like, they got good sense?? I for one know, they are stupidest 2 that ever lived.. The old drunkard was completely out of mkt.. Is you crazy, when Drys jumped up to $5. Got back in, to play it to go down.. Now at $2.50 a shr.. And rates for Panys gone up every day for last week.. There is no bet either way on Drys.. In mean time keep an eye on what Panamaxes are leasing for.. If rates continue to go up?? Hell it could go back to $2.80.. In mean time, at $2.47.. Someone may need to send dummy, another jar of KY!
As long as you got a chip and a chair.. You are still in the game... In last few mths.. Been down to $380. In couple of wks run it over $3K.. Been up and down.. Since yesterday saw $1800. turn into about $1500.. Now depending on what one stk does between now and 18th of Oct. I could become completely broke.. But am betting, rates for bulkers will go up? Not that that means stk price will go up!..But have got my bet down on a stk that could go up $3. If so, Instead of being broke..My $380. could have turned into $6K? All yr.. You idiots been saying drybulkers were going to go up! I been explaining why they should be dropping.. Now they have dropped enough.. It's a stupid bet.. But I sure like playing.. No way in hell I bet Drys goes higher.. But betting one drybulker that don't have oil prices involved, will go up!! I've basically been broke my whole like.. But did run $12K into $750K in like a yr.. Then run in down in about same time frame...When I say I am basically broke.. That referres to money I got in my account.. Don't have s..t to do.. I own 68 Camaro convertible, that looks like a big ole shiny red toy and sounds bad (everybodys dream car).. And a 87 SL460 Merc. Benz.. And 2 homes, paid for.. And keep $10K in cash..And am going to add to cash.. When I go to Credit Union.. But if yall beat me out of this last $1500.. I am thru playing this game.. Who would play in a game.. Where yall can basically deal off the bottom of the deak? Done got drunk, Don't know how to spell deek, deke, or whatever?
Where you getting those figures? They haven't posted BDI in Drys website, yet.. If those figures are correct????? Capes which don't matter, to Drys, too much, got hit hard.. Panys who do matter greatly, were up nicely.. Personally, I don't believe your numbers are correct....
In reading yalls comments...Seems lower fuel cost, would help some.. Drys would have to pay for fuel if relocating an empty bulker.. But yall are missing how lower fuel cost really hurts Drys.. Orig needs to get some of those UDW rigs leased.. In reading where GE is now using Orig assets, to refinance Drys debt? Is very confusing? He stated in 1st qtr 2013.. Drys + Orig assets + financials had been completely Seperated? If the lenders who have done lent him $4.4B against Orig's assets, were ones who made him separate the two.. Can they stop him, from borrowing that money? I just glanced over it.. But believe he said that is what he ""INTENDED"" to do?
In rereading.. Seems GE may not be borrowing against Orig assets.. Just letting it be known, will be pledging more of that Orig, stk that Drys owns? Now the big question? What is that Orig stk worth?
And they been going up every day, for over a week now.. Went up $220. yesterday.. Now spot rates over $6.8K per day.. And seems DSX does get their bulkers leased at higher rates than spot.. So maybe DSX will get theirs leased at decent rates? In mean time.. Do you reckon anybody knows, what rates will be a mth from now? I for one, don't have a clue.. Just know rates for Panamax, going up nicely for like last 9 Days... And yesterday and today.. Bottom falling out of DSX stk price??? And according to what DSX reports as cash..Should have enough money to weather the storm?