In light of the “Value Investing Conference” taking place in NYC today, my urinal shadow just gave me a presentation as to why shares of OSG are heading higher. It was rather convincing, and strikingly similar to David Einhorn’s short thesis on CMG, but in reverse.
In summary, he feels “the odder boat companies, see, just plain suck.” He also states that he “spits on the fucking graves of that bitch Diana (DSX) and Drydicks (DRYS).”
Fact of the matter is, the Baltic Dry Bulk Shipping Index (BDI) is down more than 55% for the year, an extreme exaggeration of perverted distortions. Armageddon is priced in and the BDI is poised to bounce.
As you can see, a bounce is underway.
On this bounce, I expect the shippers to catch a bid, whenever the market decides to trade up again. Saddled with a huge short position and the very worst priced in, OSG will see better days ahead.
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We are falling apart. Apple… can’t stop falling and we are tanking.
Wouldn’t be surprised to see us tank more.
I wouldn’t worry until it cross the 50 DMA.
OSG making comeback leading the Hanseatic league.
That splains the AM bump. Wonder when the shorts will jump in.
This may be the real reason:
http://www.tradewindsnews.com/tankers/284415/osg-jumps-on-fso-deal
I see now, Columbia grad 1979 just like Holder. Inside the loop with 0bama.
“tanking” = riding atop an armed tanker.
Have a cousin working for $RLOG and he can’t seem to find bad things to say. Yesterday one of the shippers signed a 4 year contract (salt) and will resume (tis the season), The stock is coming into a support area, could very well see a dollar bounce if it continues along the pattern.
They transport mostly stone,salt.sand etc and they have been adding to the fleet every year (Great Lakes/St.Lawrence routes)
Engaging advert.
hey FLY, wich advice would u give people who want to start managing OPM? build a solid track record first?
Before seeking clients, I would first purchase a Bernie Madoff costume and mask.
http://tinyurl.com/97muxlc
Dear new and vagabond readers:
Keep the mentions of El Fly on your hot list for weeks/months..
A mere two months ago Fly contemplated buying $PCS, said the horse was in the gate ready to run.
$PCS is now up %100 and will be sold off to stud.
got balls of steel to step into the shippers. ALL HAIL THE FLY!!!
Do you still think NAK will rip ? Thanks Master.
FLY …V.King just made a BUY based on the D-Cup and Cocker Spaniel Chart…once it crosses $8.00 it will “thrust” to $8.45
(All initial BUY and SELL calls can be found on The V.Kingdom Blog under Breaking News)
OSG? I’d for sure hedge that bet with a few wontons wager on lifeboat manufacturer Zhenjiang Just Marine Equip. Co.
OSG is a tanker company and has no exposure to dry bulk rates.
Farmer eaten by his own hogs:
http://www.latimes.com/news/nation/nationnow/la-na-nn-oregon-farmer-eaten-by-hogs-20121002,0,1631255.story
OSG up 9.86%! I hope the short squeeze will continue.
Markets close in about an hour, right?
Be sure to vote Nov. 13.
I am not voting. On November 6 nor any other date for this current political economy.. But I am thinking about getting a restraining order against the U.S. Government or whoever is in charge of the Republican and Democrat parties and their business-elite backers. I wish this could be a joke, and i am still hopeful it was all just a bad dream.
Get busy rigged.Yo brethren need thanks fo “picking up the trash”. Be sure to inform them of the 13th as well.
I got into this today. So I guess it’ll go to $0
Jim “I’m Down Here” Cramer would like to book your urinal shadow on his show next week. He’s willing — eager, in fact — to do a “live remote.”
“Boo-yuh
™,” he adds.
Per OEW look at the BDI:
…. one more downtrend to complete the entire 4 year down Cycle from 2008. That downtrend should end the bear market is dry bulk shipping rates. With three months left in the year, it appears the 4 year down Cycle should bottom before year end. When it does we would expect shipping rates to triple over the next two to three years.