dryships

[Vanraw]

hmmm interesting stuff. I with grieve that this could have serious up potential. Bottom line is shipping will be the first boom to see a sustainable recovery. At least that's the theory Im working under right now.

Good article on Dryships. Its interesting that it had a market cap of over 5 billion and now just 330 million.

<!-- m --><a class="postlink" href="http://www.reuters.com/article/reutersEdge/idUSTRE51942520090210">http://www.reuters.com/article/reutersE ... 2520090210</a><!-- m -->

"Until DryShips is done raising cash we think the shares are likely to have pressure on them. The only reason the shares are doing as well as they are today and over the last week or so is just because (freight) rates have been going through the roof."

Question for Jaken, Why are freight prices going through the roof? Wouldn't supply and demand be pushing the cost down?



Ive been watching CNBC on the BDI as well. Its interesting that it took a significant jump in the past three weeks after massive drops. like 20 days in a row of upside.

Its all a risk, but I'm betting we will see a recovery. Its probably going to get worse though. I still think we will see the dow close to or slightly below 7k. The question is will Drys be there or will it be another shipper?

Here are some others Ive been watching.

Eagle Bulk Shipping Inc. <!-- m --><a class="postlink" href="http://www.google.com/finance?q=NASDAQ:EGLE">http://www.google.com/finance?q=NASDAQ:EGLE</a><!-- m -->
Danaos Corporation <!-- m --><a class="postlink" href="http://www.google.com/finance?q=NYSE:DAC">http://www.google.com/finance?q=NYSE:DAC</a><!-- m -->
Navios Maritime Holdings Inc. <!-- m --><a class="postlink" href="http://www.google.com/finance?q=NYSE:NM">http://www.google.com/finance?q=NYSE:NM</a><!-- m -->
Safe Bulkers, Inc. <!-- m --><a class="postlink" href="http://www.google.com/finance?q=NYSE:SB">http://www.google.com/finance?q=NYSE:SB</a><!-- m -->