Friday, 23 January 2009

Dry Ships Inc

Cool, DRYS is sinking. Our renko-stuff showed the down trend a couple of days ago. Another 10% was earned in less than a week.
This darling of global trade is tanking as the latest news is not so good. The quarterly dividend is suspended and previous agreements to acquire vessels are cancelled. A net loss will be registered this quarter.

Not good at all.


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