hammondholt

Baltic Dry Index Signaling a Market Bottom?

I bought EXM when it was 5 and traded, but sold too early. Bought after Karen Finerman mentioned it as an "interesting" valuation, with a good div.

I'm watching the dry (and wet) shippers -- I agree with the oversold and no one will stop eating or using oil premise; there are some interesting articles about oil companies renting VLCC and ULCC and parking oil off-shore until oil prices rise -- the one's I like are hitting their resistance. But Knightsbridge and GMR, FRO I am looking at, but haven't bit yet.

So as a trade, I wait to see if they break thru or bounce back. Haven't done all the research today on these names to make a good call. But now that 920S&P is support, and Obamamania is a forward looking phenom, I'm thinking they'll push upwards. But it's only partial technical and partial tea-leaves on my part.