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  • Dry Shipping Stocks Are Going Down By The Head [View article]
    Did you Dump These Dry Shipping Stocks Before They Dump You?

    Congrats if you did. Much more downside coming.
    Jan 12 06:57 PM | Likes Like |Link to Comment
  • Dry Shipping Stocks Are Going Down By The Head [View article]
    Only a 2% loss in two weeks = great opportunity to get out and buy cheaper later.
    Jan 12 06:52 PM | Likes Like |Link to Comment
  • BP Beat Down In Court Again, Faces Up To $90 Billion In Claims [View article]
    Of course the share price has risen. BP removed any provision for the settlement and even on paper gave itself back $400 million then decided to sell off assets to keep paying the dividend.

    It's a show of smoke and mirrors that investors are naively falling for. Enjoy the Kool Aid, but beware of the hangover.
    Jan 12 05:32 PM | 1 Like Like |Link to Comment
  • BP Beat Down In Court Again, Faces Up To $90 Billion In Claims [View article]
    You don't need to be a Specialist to understand this from the judge:

    "No case cited by BP… suggests that a district court must also safeguard the interests of the defendant, which in most settlements can protect its own interests at the negotiating table."

    There are no "fraudulent claims." It's a buzz phrase BP made up that only those who didn't read the settlement are naïve enough to fall for it.
    Jan 12 05:28 PM | 1 Like Like |Link to Comment
  • Louisiana asks for new judge for state’s BP spill claims [View news story]
    I think you mean Edith Brown Clement.
    Jan 11 12:10 AM | Likes Like |Link to Comment
  • Louisiana asks for new judge for state’s BP spill claims [View news story]
    BP loses again.

    “No case cited by BP or the objectors suggests that a district court must also safeguard the interests of the defendant, which in most settlements can protect its own interests at the negotiating table,” the ruling says.
    Jan 10 11:46 PM | Likes Like |Link to Comment
  • Judge Barbier Swiftly Drops The Hammer Of Justice On BP [View article]
    “No case cited by BP or the objectors suggests that a district court must also safeguard the interests of the defendant, which in most settlements can protect its own interests at the negotiating table,” the ruling says.
    Jan 10 11:46 PM | Likes Like |Link to Comment
  • Louisiana asks for new judge for state’s BP spill claims [View news story]
    Notice not a single one of those ads is able to say why any of those claims are fraudulent.

    That's because none of them really are. BP whines about certain industries and geographical locations and personal circumstances within its examples, all of which are 100% legal eligible claims for which BP doesn't have a leg to stand on to dispute.
    Jan 6 11:48 PM | Likes Like |Link to Comment
  • Louisiana asks for new judge for state’s BP spill claims [View news story]
    A state asks for the Feds to change judges? Good luck with that.
    Jan 2 11:30 PM | Likes Like |Link to Comment
  • DryShips: Take Half Off The Table [View article]
    Excellent article! ;)
    Dec 30 01:11 AM | 1 Like Like |Link to Comment
  • Dump These Dry Shipping Stocks Before They Dump You [View article]
    Not true. Stocks, bonds, and even milk in the store will tend to reflect expectations spanning months if not years. The BDI is a one day snapshot for "last minute one day only" rates and not true market rates.

    Using your milk example, it's like trying to use late night 7/11 milk prices of $6.00 per gallon as something meaningful for the milk industry. If 7/11 has a shortage of milk one day and raises the price to $7.00 a gallon, it doesn't mean the rest of the stores have raised their prices above $3.00 per gallon. They haven't.

    Same with dry shipping rates. The long term contracted rates have barely budged. Those dry shipping companies that don't have their rates tied directly to the BDI are seeing little to no benefit.
    Dec 29 03:35 AM | 1 Like Like |Link to Comment
  • Dump These Dry Shipping Stocks Before They Dump You [View article]
    From my conclusion:

    In order for them to keep moving, one of two things would have to happen. First, demand would have to improve in a way that few see coming even among dry shipping executives themselves. Second, the other possibility is that the market overlooks the temporarily weakening rates and continues to rally the stocks in anticipation of higher rates later in 2014.
    Dec 28 08:46 PM | 2 Likes Like |Link to Comment
  • Dump These Dry Shipping Stocks Before They Dump You [View article]
    I said buy them when they were much cheaper. I didn't say continue to buy them forever no matter how expensive they get and no matter what part of the season it is.

    I currently own no positions in any dry shippers, and I'm strong considering beginning to short them in a few weeks. They're going to crash hard.
    Dec 28 04:52 PM | 3 Likes Like |Link to Comment
  • Dump These Dry Shipping Stocks Before They Dump You [View article]
    Amateur dry ship investors tend to drive up the stock prices. They'll scatter out of these names like roaches with the lights on come 2014 IMO.

    Not "everybody" understands the seasonality, least of all the madness of a crowd.
    Dec 28 03:27 PM | 3 Likes Like |Link to Comment
  • The Idiot's Guide To Why Questcor Is Suspicious [View article]
    FANTASTIC unbiased article. Great read!
    Dec 19 11:50 AM | 7 Likes Like |Link to Comment
COMMENTS STATS
409 Comments
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