bfartan

Dry Bulk Shipping Valuations Approach “Bubble” Proportions

Sixth months out, it looks like BOTH Sandeep and Glen were right: Glen was premature to call the 50% run-up in shippers like DRYS a top as it went on up >$60 to over $130 in October. Sandeep was right about there being a bubble as it's fallen below his initial July short of $63. With today's (1/22/2008) volatility and gloom, it'll be interesting to see how DRYS ends 2008--there may be another opportunity for a roundtrip!?!