Vito54

Two Water Transport Plays - Besides DryShips

Just remember that anyone willing to play in the Dry bulk shipping arena needs a cast iron stomach, this is an extremely volatile sector with wild swings in stock price. Patience is rewarded when the sector is on an upswing run and pps can drop back just as quickly.

So don't panic if your position drops into the red for a stretch of time, wait out the cycle and sell into run ups. I traded DRYS from the 60's to the 110 range and stepped to the sidelines right before the drop back to the 70's.

I am long in GNK and NAT (both good dividend pays) but use DRYS for trading purposes only right now