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2 Comments
Dry Bulk Shipping Valuations Approach “Bubble” Proportions [view article]
Er, that should be "Glen was right that it was premature...." Sorry! Jan 22 01:15 PMDry Bulk Shipping Valuations Approach “Bubble” Proportions [view article]
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!?! Jan 22 01:13 PM