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Global Hunter fires up Buy ratings on a number of shipping stocks including Diana Shipping (DSX...

Global Hunter fires up Buy ratings on a number of shipping stocks including Diana Shipping (DSX +2.5%), DryShips (DRYS +9.5%), Safe Bulkers (SB +2.1%), and Baltic Trading (BALT +4.5%) - while starting Eagle Bulk Shipping (EGLE -0.9%), Excel Maritime (EXM -1.8%), Genco Shipping (GNK +1.1%) with below-keel Reduce ratings. While individual names in the sector tend to get tied up with momentum trading, the overriding theme has been a moderate bounce back off of a 25-year low in the Baltic Dry Index in February. Guggenheim Shipping ETF (SEA) +8.1% YTD.
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Comments (2)
  • johnofarizonaoregon
    , contributor
    Comments (278) | Send Message
     
    Diana shipping is the best of the lot.When it finally gains some traction, its chart wont take long to build a mountain.
    22 May 2012, 12:19 PM Reply Like
  • Erik Gholtoghian
    , contributor
    Comments (964) | Send Message
     
    Those ratings are actually pretty well done. Kudos to whoever did them. The only disagreement I have is with Dryships. There are a lot of accounting games and conflicts of interest going on over there that shareholders don't see, and therefore until proven otherwise, Dryships should be considered a sell too.
    1 Jun 2012, 05:16 PM Reply Like
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