lower prices of any product tend to mean greater volume of sales so shipper does better with low prices ...so said the ore producers
Sentiment: Strong Buy
the Chinese orders for potash from Brazil, Canada , and Australia were well publicized.. I simply totaled them and divided by the tons in a panama.....not very scientific and you can correct me. In the meantime 40 barges of fertilizer could kick off a substantial rise in the bidy and we all know that is the key...drys apparently has the most "free days" available .
bdi could fly as delayed shipments to china are booked. 40 barges of fertilizer by my count as a start. corn and soybeans as well. what will drys stock do if the bdiy pops to 4000???????????????? hang on.. get the block of stock out of the way and the ice and snow and away we go
where do the funds come from for a buy back when they pay out so much being a reit
the old earnings reports are not the issue here. it is the changing trend for shipping rates. if medicare paid a dr 300 bucks instead of 50 for a visit he would be rolling in dough. the bdiy is the key and the seasonal pattern may take us though 2000 a day quickly. this overdrides the bad news for the history of the down cycle
corn soybeans coal fertilizer all waiting for the weather .... stifle rec on navios today "we are in the money"
next target is to get over 5 and stay over so index funds buy drys. not so easy but the company could end the offering and let the stock go up as bdiy rises . over 5 at the end of the first quarter would be very positive step to possible index buying .
a burst of shipping should begin soon... of course this is a seasonal pattern but the season is turning up and 1.3 billion Chinese and a billion Indians have to eat every day ...fertilizer has to go in the ground soon. the bdiy can easily make new highs on this seasonal pattern...I have my shares and am a chartist and not a trader ...much purchased under 2, forget the doom and gloomers
spring will be here soon and time to plant. reported Chinese orders for potash from brazil, new zeland , and canada add up to 40 barge loads as I count it. that's enough maybe to reflect panic buying in the bidy. the seasonal pattern for rates is a major factor. drys in the best position. I have my shares. ...then there is corn and beans.......................I assume the Chinese and Indians eat every day...and Im betting on it...how about you????
Sentiment: Strong Buy
450 myn shares is over stated and also needs to be reduced by treasury shares....even so 250 million shares is a lot more than it was at the old highs over 100
10 is easier... problem is the increased number of shares. 20 might be ambitious. if the cycle is typical the dividend will be very high at the top and time to sell. spring is almost here and we should see a surge in barge rentals and a leap in the bdiy. this is alo seasonal point. by my simple addition there has been purchased enough phosphate for 40 barge loads but the smart guys on the board could re calculate that..chinese and indians have to eat and buy corn soybeans and fertilizer ,,,,,. and soon
the key to this stock is the seasonal pattern of rates. spring is coming and there are 1.3 billion hungry Chinese and a few Indians and Pakistanis. corn and soy beans are waiting for ports to open fertilizer, by my guess on reported sales maybe 40 barge loads....this train has backed into the station. I cant buy more except with momentum . good luck boys...this may be a lifetime opportunity.....
based on my own estimate of the reported potash to be shipped soon it is 40 barge loads. if I am anywhere near correct we are on the verge of panic leasing of barges and a move to test the highs in the bdiy. it snot the only reason. I have a lot of shares of several shippers and see drys as a double in 2014 chart wise . bashers will attack this guestimate but if the Chinese want to eat they need fertilizer and corn and there are over a billion chinese who eat daily
not how I read it.... there are waiting 20 loads of fertilizer alone and the bad weather makes a seasonal. delay we may see a boom in shipping over the next 4 months and I have my shares..
everything in place to test the highs... refinanced.... seasonal shipping rates likely news on the offering.. drys is primed and ready............I have my shares
the 200myn shelf offering of stock is in the way and could be stopped again at any time....it really all makes sense. patience is the answer
not bad might be the bdiy is reversing to go back up....I own 5 of them and could not be more please dthe value turnaround .............gnk the leader of the day
in a shelf offer like drys does the underwriter have the right to make stabilizing trades to "control " the stock price.....and as for fertilizer the 1 million ton order may just be the first as the cartel disruption of pricing may have delayed many purchases??? do you know??
a week and no comment on the Chinese buying 1 million tons of potash. probably more to buy. potash prices are down and if china and india etc want to load up they need a shipper.......this could be the catalyst for the bdiy...................................hang on boys i've got my shares isn't this fun????
I love this stock and have a lot of it along with the others. potash shipping could boost the bdiy and be the catalyst for this major turn around.....don't get shaken out or out bid by the big boys. we are headed a lot higher as is the world economy.rises