bfartan

Dry Bulk Shipping Valuations Approach “Bubble” Proportions

Er, that should be "Glen was right that it was premature...." Sorry!

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!?!