DRYS STOCK CHART (Trying not to sink)

hi sirji wanted to know abt my holdings like centurian bank of punjab taken at 58, gmr infra taken at 244.00, marsons taken at 7.70, jayswal nicco taken at 68.00, what would be the target and can be achieved in how many days and which i can come out of the stock booking my profit at which levels my cell no is 9819425258

Hey Brett… this is a gutsy call on DRYS. I think keeping a tight stop is definitely the way to go. I think you have a good trade here…. Merry Christmas and Happy Holidays…

I think that’s a good move Brett. I just sold new naked puts on DSX( http://tinyurl.com/2gv5jk ), one of their competitors. I think the dry ship stocks are down deeper than they should be and will come back up. I sold farther OTM though since I’m a much smaller risk taker. Are your calls at the 70 strike?

I placed a stop-loss on this stock, because their’s no other way to play it safe. There isn’t even a postive line or trend.

The dry bulk shippers are cyclical stocks, thus volitle, and not followed by more than a handful of analysts. i.e., not liked by the street. Their current P/E , book values are trading at 3-5 times earnings! Growth for DRYS and DSX is projected to be 7-8% next year. DRYS makes a cool 3 million a day at a cost of 5%. These stocks were ridden up by CRAMMER fanatics (check volume and recomd. when it hit the news) and the business fundamentals that support them is not well understood by the casual investor. The few analysts following DRYS comment their target price is $100-120 -160 etc. Check out the 25% increase in steel coming in ‘08, the continued increase in iron ore shipments $100-to both China and India, and the strong infrastruce growth story in both countries. New ships won’t be built before ‘09 earliest. These stocks can go up or down 18% in one day. If they get some volume legs you will have to run to catch up! In a bear market in ‘08, NOT IN US stocks will perform e.g. dry shippers (less than 3% of their business is in ANY way related to US.). The Chinese have had a hand in temporarily holding down dry bulk rates since October negotiations began. This will wrap up by April, and the baltic index will reflect new contract rates. THESE STOCKS ARE CHEAP!!! What the hell is wrong with everybody. Only a substantial global slowdown will impact them from a fundamental point of view. These are 2-5 year buys.

50 ma is sloped down, good luck

I checked this out on wizetrade, and it seems like it will show an upward trend within a few weeks. I’m going to buy soon.

You highlighted a perfect entry point. Get in now everybody. Wizetrade gives the same entry points.

target price around 62.60

Downward pressure over. Upward to 76.10

I think it is a good time to buy because the price will go way up again..believe me..the ship will never sink…you will make good profit..keep and buy..that is a good way for now..don’t sell yet..