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Strategies & Market Trends : IPO and Other Stock Plays -- Ignore unavailable to you. Want to Upgrade?

To: ahnguyen who wrote (12845)	6/8/2005 9:21:55 PM
From: yossarian67	Respond to of 13331

yeah will add more RAMS on a dip into $12's...not the strongest sector lately by any means but paying over 12 1/2% yield here at $13...and the risk is pricing break for me so not a bad set-up. btw dry bulk spot rates have droped nearly 40% in the past 7 weeks..I am still annoyed at that money manager on CNBC few weeks back talking about how dirt cheap DRYS as he pointed to the trailing pe---in that biz the trailing pe is meaningless, that trailing pe was in an environment when spot rates topped out at over double current rates..that was just irresponsible for a supposed professional to tout something on the basis of an untruth,,,,he had to know these things right? drys shot up from 16 1/4 after that...few weeks later it's right back there to 16 1/4...spot rates dictate where drys is headed, not trailing pe...drys has a heavy leverage to spot rates.