Mr. Wynn

Jim Kingsdale: Selling SQM and Bullish on Dryships

Kamal, you got it right: FMC is a great way to play the chemical space and ag space as well.

DryShips Deserves More Love

One thing Cramer has not done is "pump" DRYS. I know because last summer I called in to ask that very question, and Cramer was very cautious about the whole sector; he gave me a weak "OK" on it. But then, within a week, he decided that the only dry shipper he liked was Diana. Finally he just got off the sector entirely. He has said repeatedly that he doesn't like the drybulk shippers ever since he had the Chairman of Diana (DSX) on his show. He got gun-shy after the Chairman (Simeon P. Palios) was less than certain about the future. Also, the volatility of the whole sector turned Cramer off. Do people just blurt out things about Cramer without knowing anything at all about what he has or has not said? The way some of you write gives you away. LOL? Who says that on a serious financial site? How old are you, 15?
I've made great money with DRYS and Excel Maritime (EXM) by trading the stock over relatively short periods of time, and I am going to again. Economou said late last year that 2008 would be a year in which DRYS would be operating wholly in the spot market because he believed that there was greater opportunity there than in the time charter market. That high BETA is earned because spot prices are notoriously volatile. But if Economou is right - and I think he's a sly old devil who is not in business to lose money - then DRYS should return - perhaps by mid-year - to its previously lofty shareprice or 131 and change. These current prices are sensational for buying in, but if you do not have the stomach for risk, and if you are more used to writing on the Yahoo BBs, then stay away from DRYS and stay away from here.