Anybody in on the dry bulk shipping action? (DRYS)

Oooh, you're making strong assumptions about where support can be found in the summer market

 

"Soon you'll realize the obvious, Neo ... There is no spoon."

Gentleman there is no support.

 

lol Down another 7%..just awful

 

Congrats to the shipping shorts

 

Whoaaa !!! Capesize rates are down 18.8% ( Baltic Exchange quotes)


FFA's CS4TC ’09 $111,000 - $7,625 ,

Mwaaah..........this is absolute action !

But was due sooner or later, Capesize rates were rallying when rates for other dinghies were stagnant and south facing.

DRYS and TBSI are certainly for those who enjoy spot market rates activity, but the chart says it all, parabolic anyone ? Wish l had the balls to have shorted more, but guess my balls are not as big as l thought they were...

 

Genius!

 

Ahoy, matey! Let me know when they hit bottom...

 

Your job as a trader or investor is to generate income/growth within a solid risk management structure. If you want to pick the bottom for Dry Bulk Shipping or any other market (public exchange or OTC) l suggest you pass through 85 Broad St and ask for a Ms Abigail Joseph Cohen.....


P.S. For DRYS its US Peso 62.35

 

Since this gentlwoman has NO BALLS, shall I, in the words of Thermactor, "SHORT AT WILL"?

 

DRYS closed at 91.41 on the date of the above post.

DRYS closed today at 71.33.

Good call!