Lion is King

Dryship's Transformational CEO

JAJAJA! I said it once and I'll say it again, in response to a comment someone made that DRYS was a falling knife back when it fell to the $70-$50s, the only way to catch a falling knife is by the handle. I mean just look at the fundies in the shipping industry, they're intact. The reversal we all saw in the BDI rates had no fundimentals to back it up, that's why it's making new records every day. The demand for ships to deliver is still there( consider the China earthquake they're going to need commodities no matter what! ). Also, look at oil prices $135.00 man alive!!! regardless of the reasons for these prices( demand, geopolitical, etc. ), oil companies have to go look for some more oil out there in the deep, and for that they UDW drill ships.

DRYS fell for the wrong reasons, and its going up for right reasons. Simple as that.