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NASDAQ:DRYS

Dryships (DRYS)

5.25
-0.00 (0.00%)
as of Oct 10, 2019, 8:30:00 pm Market Open.
8 watching
0
PAST TOP PICK
(Top Pick June 11/09, Down 10.6%) Still believes in the company. Expects story to play out in 2011. If you want a position in it, start nibbling away at it.
HOLD
One of the largest dry bulk ship operators and very leveraged to the Baltic dry Index, which has been on a roller coaster ride. Chinese demand for iron ore has dropped. If you own and can take continued volatility, continue to hold. You could sell some Covered Call options a little further out to take advantage of expected upside or you could write some Put options.
DON'T BUY
Tied to the global recovery. He would prefer to play the commodities straight up. Likes energy and oil.
PAST TOP PICK
(A Top Pick June 11/09. Down 12.9%.) Most investors globally are trying to figure out what China is doing. Believe that going out the stock is going to do very well. Using $5.40-$5.50 as his downside Stop.
COMMENT
Shipping companies are tied directly to international demand for goods. Baltic Index (measure of the rate being charged) actually did quite well and, unfortunately, this company has been working in the opposite direction. Index is now looking to tail off. Have a fleet of deep-water drill ships, which is tied to the price of oil and could be a kicker.
DON'T BUY
Likes the sector and thinks it has some opportunity. Sees a slight trending upwards but very low volumes. Doesn't look like a great stock and would be cautious. If you own, get out around $4.50.
DON'T BUY
Very sensitive to the Baltic Dry Index, which is a reflection of the shipping rates. A lot of it depends on how quickly China is importing. Expect you will see this pace slows down in the next little while. Risk/reward is not favourable.
DON'T BUY
Volatile and risky. This is a play on a global recovery. Transports dry goods around the world. As economic activity wanes, they also wane. A lot of debt that is coming current.
COMMENT
Absolutely massacred because it was a play on dry bulk shipping. Both operationally and financially leveraged meaning you are making an enormous bet that the economy is going to show some signs of life. Too risky for him.
SELL
Direct play on shipping rates which is a play on commodities shipping to Asia. Had a good recovery from the bottom but the situation is still quite dicey. High leverage.
DON'T BUY
A lot of risk in them at this point. Transport sector continues to have some challenges. Bulk shippers are very volatile. You have to be an active investor when you look at these companies.
TOP PICK
Ships that carry dry bulk. Did a lot of share issuances. Has a lot of debt but have done a lot of work to get it under control. At $7 it could be a very risky play but this could be the real big surprise out there. Speculative.
DON'T BUY
A high beta play on bulk shipping of dry commodities such as wheat, iron ore and coal. Chart shows it has collapsed and indicates there will be no shipment by bulk goods so you should tread very carefully.
WEAK BUY
The Baltic Dry Index drives the price of this, which is a reflection of the economic activity in developing countries. It will take a little while for things to get back to normal. Highly leveraged which makes him nervous. Highly volatile.
COMMENT
There has been a substantial rise in the freight in the Baltic Dry Index. Not an accurate indicator as it is dry goods. A leveraged play on world trade.
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