soma6

Transocean and Its Peers Seeing Pent-Up Demand - BoA

Never buy on recommendations, that's smart money selling to stupid money. Always wait for a pull back.

And yes, deep water ocean drillers are a good buying investment opportunity for 2008 especially a company with Harsh Environment deep water rigs. The short supply is commanding higher premiums for charter. @upwards of $275M to build new HEDW platforms Dryships CEO George Economou scored BIG time with his 30% ($400m)stake in Ocean Rig. HEDW rigs will command up $500k per day for charter in the next year. Yesterdays pull back (-2.87%) of RIG may present a entry point. In the mean time DRYS is a screaming buy at 77.40 with a PE of around 8 and a target of $120.

Cheers

No End in Sight to Banking Crisis

Two words, Sovereign Funds.

Do you think the emerging markets & oil markets are going to let the financial system go down the tubes? Think again. There is more private money floating around the world that we don't know about than money we do know about. This mess will be over as fast as it appeared. The press has been making a mountain out of a mole hill for far to long.

The last recession in the US lasted barely 6 months. As I see it, we are already in a recession and as the housing numbers just released Friday indicate, we may have hit bottom. What is needed are buyers and confidence not more doom & gloom. Jobs numbers are still up.

Get over it, move on, go out and start a company, buy a house damn it.

Cheers