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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Area51 who wrote (46486)	2/6/2012 4:19:07 PM
From: robert b furman	Read Replies (1) \| Respond to of 78748

BDI and $DRY have had 2 strong days: screencast.com Bob

To: Area51 who wrote (46486)	2/6/2012 5:47:23 PM
From: pcyhuang	Respond to of 78748

DRYS -- An Absolute and Relative Price Breakout! Message 27931772

To: Area51 who wrote (46486)	2/7/2012 10:32:05 AM
From: Moj Jalali	1 Recommendation Read Replies (2) \| Respond to of 78748

Hi Area, I spoke to a friend of mine who works in shipping operations for a larger tanker company and he explained to me that rates on most are high enough to cover operating expenses. Where interest is concerned, most banks give shippers a holiday on payments since it is better to allow the ship to run than take possession and try to sell it in a depressed market which gives me hope there is some support for continuing operating of ships. As to your points about the dire supply situation, I think there might be glut for a year or two but you're probably buying at the bottom. Companies' main aim will be to conserve cash even if this means delaying or cancelling their orders with the shipyards and paying a one off penalty.