The Wall Street Journal News reports: Investors are once again doubling down on the shipping stocks, pursuing those companies after a year-long selloff.
Also - see our notes from 12/04/2008:
1) Here is some news worth reading again
2) Rumors of buyout circulating on DryShips
3) There is a Shipping Conference going on in NY this week
4) The UDW Primelead spin-off is still in the works
5) China to order Billions in goods that should get shippers moving again
6) News of a Multi-Billion China railway to speed up the economy
7) Bank credit is finally thawing, allowing goods to be shipped again worldwide
8) Australian coal exports pick up as Newcastle reports an almost 60% increase of coal shipments in the last week of November and more then 40 ships waiting in line to load
9) There are over 6,300,000 shares short on this stock with a tight float
10) DRYS stock could easily "Triple" from here with all the news coming in at once: Easing of credit, China material orders, Coal exports, short covering, and the UDW spinoff