Show Some Respect for Shipping Fundamentals [View article]
Some of the shippers appear to be approaching overbought levels at this time, such as GNK. DRYS was ridiculously oversold and will likely continue to roll, even in the near term, given consideration to its upcoming earnings announcement next week.
From a contrarian perspective, I have to agree with this article. DRYS is extremely out of favor right now, yet the arguments of the lemings hold little weight. I see a great buy opportunity here.
Show Some Respect for Shipping Fundamentals [View article]
Dryships' Short Squeeze Potential [View article]