Tuesday, December 16, 2008

Dry Ships Index Up +8.2% And Climbing

Click: Shippers continue to run as the Dry Ships Index rises again today. Take some profits on some of your GNK and roll it into DRYS, which is trading at a $2.00 - $3.00 discount to GNK at this time. DRYS should be trading at $13 - $14 soon, especially since GNK is almost $15 today.

DRYS Stock Trading in a Channel with tomorrow looking like we could break through $12.00 - $12.50 if the BDI continues to spike as it has been doing.