DRYS, taking a long shot

starting to build position here in DRYS... been watching it for a bit. couple point stop.

no matter what it does, I have mentioned this before, the guy who owns it is a crook. Check who was the first to default on a bond issue back in the late 90s.

Edited by nicolasillo, 08 January 2009 - 09:41 AM.

no matter what it does, I have mentioned this before, the guy who owns it is a crook.
Check who was the first to default on a bond issue back in the late 90s.

good to know... i'm still buying, averaged in at $13ish now... if $12ish holds i see it going to $20.

closed out half for 1.5 pts... let the rest ride w/ a b.e. stop.

closed out half for 1.5 pts... let the rest ride w/ a b.e. stop.

closed out the rest here.

I will ask you something. You invested some of your money in his company's stock. Do you know how many vessels the company operates? and if yes in what market? spot or time charter? I know these answers, but do you? cos I was looking at his company's site and couldn t find any info on the fleet etc..... Which i believe they are vital info you should know if you want to invest in a shipping company

Edited by nicolasillo, 08 January 2009 - 11:39 AM.

I will ask you something.
You invested some of your money in his company's stock. Do you know how many vessels the company operates? and if yes in what market? spot or time charter?
I know these answers, but do you? cos I was looking at his company's site and couldn t find any info on the fleet etc.....
Which i believe they are vital info you should know if you want to invest in a shipping company

nope, can't answer any of those questions... purely a technical setup... hardly an investment. ... if you'd like to share the answers to those questions though, i'd be happy to listen and learn. thanks nic, -TA

my point was that normally shipping companies disclose publicly their fleet, and some of them say if they operate in the spot or time charter market. I had a look at his website and i couldn t find any of those. I ll let you know tonight about his current fleet and if he expects any deliveries.

my point was that normally shipping companies disclose publicly their fleet, and some of them say if they operate in the spot or time charter market. I had a look at his website and i couldn t find any of those. I ll let you know tonight about his current fleet and if he expects any deliveries.

Thanks nic,
don't spend any time doing research on it if it's only for me, i'm out of the position for now, i do appreceiate it though...

i also will stand behind my projection... technically... that if the $12ish level holds it looks like it's good for $20. good to talk to you. thanks again, -TA

no research. I ll jsut copy and paste the fleet and deliveries from a database. But i ll do it tonight...i m out of the office in a while. If u have any other companies you want to know their current fleet and delieveries let me know

Edited by nicolasillo, 08 January 2009 - 12:03 PM.