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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Fintas who wrote (80999)	3/27/2013 3:31:27 PM
From: Fintas	1 Recommendation Read Replies (1) \| Respond to of 206879

Little more details re drys. It's RS is at .084, needs .097 to turn, above that to the .182 then on to .32 until it sees the .82. Now remember it's a .084. If one does some math they should see the upside %. NOW throw in that Drys is listed in the non air transports and looking at how it compares to it's peers that is at .36 with an upside to the .72 coming. NEAR TERM. AND.. those who look closely at DRYS understand the relationship of ORIG. That value is not really understood by most. Yet a tidbit is DRYS holds 59 ish %. ORIG will bring 3 more drill rigs into play later this year. As they come on line $$$$$ to ORIG which means $$$$ to DRYS balance sheet. So one has to ask themselves is CRUDE going UP or down. What price point do the majors make money drilling and will there be more demand or less for DRILL SHIPS. The overhand on drys is the sector re shipping and their CEO is not loved. BOO HOO. Thus one should consider what the future brings for the shippers and how DRYS will perform. When one looks at DRYS yes one can do so technically. BUT too many only saw SEAGATE technically a few years ago and didn't understand VERITAS. As a result they didn't see the UPSIDE or the LBO causing Seagate to go from 24 to 78.I had a 75 target 1 1/2 years before it happened. If memory serves me 54 to 78 over night. Meaning there's a lot of positives to Drys then a chart will show. However it's one volative equity with many a basher so it's not for the feint of heart. My cost basis is 2.15. I'm long with a large position. I'm focussed on targets much higher and ignore the noise. ALL IMHO FINTAS