VIX Hits 3-Month High, Market Skeptical About Fed's Power [View article]
We have hit the "lack of talent" wall when it comes to our elected representation. Washington won't or can't fix anyrhing until it suits their political power agenda. Bernanke and Paulson seem to be trying to do something, but they are shoveling sh*t against the tide with a teaspoon.
The stock does perform poorly, but the sector is down in general due to the fluctuation of the BDI. As a large long holder of this stock, I can only look toward the earnings announcement and an improvement in the day rates as the better season progesses. Hopefully, then, there will be an ending to the short sell beating and the stock can move to a more fitting level as the author points out.
I've owned and sold some of your favorites. Some I got out of them just in time. (others not so lucky) There is no logic, just selling for rumor and panic. It's been very ugly to do anything but follow the herd, if you're lucky enough to turn that quickly.
The shorters have killed the stock price, but I'm hanging in there. Shorting is the way the whole market runs right now. DRYS will catch them all hard someday and we'll be back in the black!
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