What is your recommendation on Dryships?
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The whole sector upgraded today. Watch for earnings and keep stops in place.
Coal is ramping so there may be more to run. As long as the short term trend is
up.
I believe DRYS & OCNF run by the same family,
most speculative out of the shippers.
I am reducing my exposure to shippers today by about 30%, trying to keep single
sector exposure within 5%.
Better fish in the ocean, try FRO, NAT, or GNK if you like the shipping sector.
DRYS is a weird shell company. Don't trust it at all.
I got out of my OCNF this afternoon after about a 15% run. In my opinion all the
shippers (DRYS included) have to be played in their ranges. Buy 'em when they're
beat up and sell 'em when they pop. Rinse and repeat.
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