Zman Market Timing Message Board

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Strategies & Market Trends : Zman Market Timing

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Fiscally Conservative

mary-ally-smith

To: Fiscally Conservative who wrote (4795)	12/4/2014 11:09:21 AM
From: PayItForward	2 Recommendations Read Replies (1) of 15903

Drys has been a dog this entire bull run since 2009. Losing much more than 1/2 it's value from an already dramatic fall. So a rising tide definitely doesn't lift all boats (er tankers). And Fintas expects spx 1458, so how will Drys do in that environment? I wouldn't think too well. There must be a ton of overhead resistance in this stock with speculative traders buying dip after dip and now looking to get out at break even. I don't follow Drys, but see nothing to like about it.

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