Thursday, December 18, 2008
China To Increase Iron Ore Imports
China is forecast to increase iron ore imports by 40m tonnes in 2009.
Tuesday, December 16, 2008
Lots of Activity On DRYS in Pre-Market and AH Trading - The Trend Is Up
Definitely avoid getting caught short on this stock or you could find yourself getting cut in half in a matter of days. (Click on the chart) Shorts need to cover immediately and go long to avoid further losses. DRYS will probably GAP UP on the opening again tomorrow, then continue its run up another 10% - 20%.
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.
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.
Monday, December 15, 2008
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