DRYS Stock Run Continues
Posted by Blain Reinkensmeyer
May 18, 2008 at 3:21 pm
Dryships (DRYS) has not slowed down since it hit my buy point of $88.20 on May 2nd, closing Friday at $110.74. View the original Dryships stock breakout.
This puts DRYS up 25.6% in only 11 trading days, an impressive feat.
Looking ahead the drybulk commodities shipping trend should only continue to escalate into epic proportions. Stocks like GNK, TBSI, and EXM will come back down in price, and I will be looking for further entry points.
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Related Posts:
- DRYS Turning the Corner?
- Shippers Finding Key Support?
- Shippers Are Back, Buypoints Ready
- DRYS, GNK Pair Trade
- SBUX and DRYS Shorts Early On
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What do you think about ESEA?
I think you found yet another great play on shipping
The whole group has performed extremely well. And, the recent pullback yesterday and today is only IMO going to serve as a great buying opportunity.
Blain
[...] my buy order on EXM was hit today at $52.10 which is a play on dry bulk commodities shipping. Remember DryShips? Looks like this trend may be back in favor after finding key support. More on that though [...]