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Strategies & Market Trends : Market Trends & Market Chatter (Investment Ideas)
TIGR 10.78+2.8%Oct 31 9:30 AM EST
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From: Fintas12/1/2013 4:07:20 PM
1 Recommendation

Recommended By
toccodolce

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I just noticed you show Drys.

As I've posted I'm long Drys and I'm long because I have done the work to expect higher % over the next 3 years.

So a quickie re strings. This is real basic.

3.24+1.62=4.86

4.86+1.62=6.48

To the down.. 3.24-.54=2.70 Drys just bounced from such.

Pull up a historical for Drys and one can see it was at 6.44 interday in Dec 2010

So an attempt to retrace to such over the next months is something I'LL be expecting.

BDI has recently turned UP after a retrace.
Orig is soon to bring another deep water drill ship on line.

ORIG will be paying a divi to drys in 2013

DB has converts at 7.20 ish

The sector re dryships is in the 74 area and one that was out of favor for a long time and could be on the verge of enjoying being IN favor for an extended period of time. Wall street, aero, banks and others have been for a long time. As money rotates out of other sectors the non air transport sector could benefit.

Finally although drys is in the non air transport sector. One would be remiss to not understand that the majority of drys revs comes from ORIG that is a deep water oil rig company that drys owns 59% or apprx 78 million shares.

Drys can be traded.

Fintas
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