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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

The Secret Dry Bulk Bull Market

Dr. Fly Tue Oct 8, 2013 9:11am EST 10 Comments

No one is talking about this phenomenon. Analysts aren’t calling these companies because “they missed the move,” something that was voiced to me by the CFO of a prominent Dry Bulker.

The BDI is up again this morning. Have a look at the 6 mo chart.

bdi2

bdi

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10 comments

  1. clegger_2000
    clegger_2000
    October 8, 2013 at 9:12 am

    How easy or difficult is it to make contact with CEO/CFO folks?

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    • TheHarper
      TheHarper
      October 8, 2013 at 9:15 am

      Depends on who you know, or how much stock you actually own. Owning a million or two of a mid cap company can many times get you time to speak with C-level execs, if you push hard enough. Big cap world, forget about it. you need to own at least 1-2%

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    • The Fly
      The Fly
      October 8, 2013 at 9:16 am

      It depends who’s calling.

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    • boilmeimirish
      boilmeimirish
      October 8, 2013 at 9:37 am

      It’s more or less my job, and I’ll tell you this–they’re people, just like anyone else. They just THINK they don’t have spare time.

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  2. bood
    bood
    October 8, 2013 at 9:14 am

    I’m following ( along with the shippers ) , but i have hard time finding real time ( intraday ) quotes for it on the net

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  3. matt_bear
    matt_bear
    October 8, 2013 at 9:39 am

    have they really missed the move? BALT is still up over 90% since November 2012.

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  4. bood
    bood
    October 10, 2013 at 9:05 am

    http://investmenttools.com/images/wfut/crb/spbdiratio.gif

    bdyi/sp500 looks still very nice if sp500 holds

    we could have some pull though now

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