Thursday, August 14, 2008

The Rime of the Ancient mariner











Above are charts of EXM and DRYS. We got in DRYS too early last time and got burned. But this time around, we believe the shippers are just getting ready to go again. They have broken their downtrend lines. With a commodity bounce on the horizon and the baltic dry index (BDI) beginning to come back to life, these shippers may get back to their top portions for a decent 15-20% profit.

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