of course not. All the trolls who were playing for a bond payment miss are gone. It's going to just drift now until something moves it.
Maersk Broker: Capesize rates set to soar now
BY LOUISE VOGDRUP-SCHMIDT
Published 18.08.14 at 14:51
The proper conditions are in place for the Capesize rates to make a big leap, and the rates are already underway, Research Manager Rikke Lysberg Bernbom of Maersk Broker tells ShippingWatch.
"The average time charter rate currently stands at around USD 16,000 for Capesize. For September the forward rates, FFA (Freight Forward Agreements) look set to reach USD 20,000, and the total average for the fourth quarter will be USD 26,000," she says, adding:
"There's a lot of optimism in the market, driven by the massive volumes of iron ore being sailed to China. The Chinese are importing on a large scale, while the country is also increasing its steel export. In the past, the steel export was around 5-6 percent, while it's more than 10 percent now."
Chinese import and export
The growing Chinese import is a result of the overcapacity in the market for iron ore, which makes it cheaper for the Chinese to import Australian iron ore - a commodity that has become cheaper and cheaper - instead of using the iron ore produced by Chinese mines, as the latter is far more costly.
LOL, you think about me 24/7. Why do you pretend to be a British investment banker? Why did you deny this was your ID? Are you going to sell when you finally reach breakeven at 3.36?
Right before it made its all time low. By November, DRYS was "worth" $1.50
jrmills0014 • Feb 21, 2012 4:11 PM Flag
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Don't worry! Be happy! Drys is worth $4.15
Just based on the value of the stk they hold in Orig... Drys owns about 100M shrs of Orig @ $16.60 a shr.. There is about 400M shrs of Drys... You are basically stealing about .60 a shr, buying Drys at this price.. If you buy, at these prices.. Expect the sherriff to come and arrest you for stealing... And should Orig, drop $3.20 a shr.. You got my permission, to shot the sherriff!!! Less
Dude, I beat a SEC "inquity"making just that type of argument in 2003. In those days you might recall there was Island, Arca, REDI, Instinet etc and you could trade with yourself all day. You're not telling me anything I don't know. DB is the mover and I personally think nothing of significance is going to happen until there are some hard numbers on the refi. You see the BDI meant next to nothing the past two days. When the stock goes down, everyone says the BDI doesn't matter b/c DRYS has their capes on time charters but when it goes up, it's supposed to be bombs away. I believe it will go up when DB is ready for it to go up. Have a nice weekend.
you have to have strong nerves in these bond standoff plays. Honestly, I was never worried. I am shocked at how low they drove it but the HFT just exacerbates things.
Yeah, I see that. Was just running numbers in my head. Gotta get rid of these freaking flippers. When the trolls start screaming bankruptcy, you gotta buy.
Scalped 11 cents on the short side today, smart guy, along with 9 cents on the long side yesterday. Sitting on hundreds and hundreds of in the money leaps some up 50% so far bought well before you were ever in this. Any more stupid questions?
well well well. You lost huge last winter on your "shorts". I'm surprised you still have any money. Or do you?