iBankCoin
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
23,462 Blog Posts

Pay Attention to This

The Dry Bulk Index is on one of its epic runs. The last time this happened, EGLE went to $9, DRYS and GNK were heading to $5 and the world as we knew it still sucked.

Here we go again.

BDI

I understand. No one cares until they do. Once Cape rates pass $30k, all of the plebeians will crawl from out their housing tenements to buy shares of BALT, GNK, DRYS, SBLK etc. If you were wise, you’d position ahead of the crowd. Although iBankCoin gathers a good amount of attention, read by all of the fashionable people in finance, it is not mainstream. Therefore, the ideas that you gather from these halls should be kept in the strictest of confidences, else feel the full fury of my unforgiving wrath.

Here is the BDI over the past month.
BDI2

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32 comments

  1. xxxHuggieBearxxx

    And your top pick here is BALT?

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    • xxxHuggieBearxxx

      I’m thinking about picking you in a mean reversion play.;..

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  2. gatorsun

    In GNK and BALT… but NBG a secondary play on this rise? anyone have toughts on that?

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  3. Berniecornfeld

    Have you considered suing Bitcoin and/or perhaps offering iBankCoins?

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  4. tradercaddy

    All kinds of media, fish and wildlife folks, cops, and helicopters across from my house this AM,
    There was a bear attack last night ( I have several living in my wooded property) across from me.
    I talked to them on my way back from a bike ride and they are trying to catch it with donuts.
    http://www.orlandosentinel.com/news/local/breakingnews/os-bear-attack-orlando-20131203,0,605959.story

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    • gatorsun

      lol,,,I live in Longwood…you must be right up the road from me

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      • The Fly

        Why don’t the two of you meet over a nice glass of orange juice?

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        • tradercaddy

          Yeah, in our shorts- the official dress code of Longwood.
          Gator- I live off Markham Woods Road across from Wingfield.

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          • The Fly

            I’ll send my pet bear over to meet the both of you straight away.

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          • tradercaddy

            Don’t really need more bears but ty anyway.
            I have had several in my pool (have the pics- bear hair in pool not good), broken screens and doors, trying to get in my car (have a pic), turning over grills, and as we speak have a mama bear and two cubs hanging around.

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          • gatorsun

            10-4 youre less than 1 mile from my house….small world indeed….da bears have taken control

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    • kdog

      Do you take a weapon of some sort with you when you go on a bike ride?

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  5. JohnRotten

    Nothing better than wearing Bermuda Shorts while strutting around Longwood Gardens. I was just there in Sept. Love the place.

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  6. TY

    Fly thoughts on the Guggenheim Shipping ETF (SEA)?

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  7. xochi

    i’m a believer. in with you big time BALT.

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  8. xochi

    last time you were so gogo was GOGO!!! ready and waiting

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  9. kiezklaus

    how u like FREE after the RS

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  10. Vic

    Fly, do you still like SOL into earnings?

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  11. budh

    Do you think Cape rates will fall when the larger 3rd channel opens at Panama Canal>

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  12. lawdawg

    Any thoughts on NM? Or do you think it has already risen too far this year to further capitalize on this BDI run?

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  13. bood

    long life balt and drys

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  14. bood

    usually when vix act in a constructive fashion ( i.e. look tvix ) well that is the time that we know

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  15. txchick57

    Been in DRYS for a year + now since it was in the 1.50s. Looking to retire on it.

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  16. THE_WOLF

    the world still sucks,
    no one cares until,……….
    still no ones seems to care,
    all of us at ibankcoin are paying full attention,
    the rest of the world are morons, and deserve to be penis guillotined

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  17. Trading_Nymph

    Shanghai Rebar has had a two day pop over the beats in PMI data. But, Shanghai itself had the Worst Pollution on record yesterday, everytime it gets this bad the Govt blames the rouge Steel Mills and other polluters and pushes stronger to shut down production. IMHO last months run up in Ore was Winter restocking that is it. The prices are up again, along with shipping rates…the Chinese have to actually make a profit in Steel to make it cuz at that big meeting a month ago the China Govt said they were planning on backing out of trying to hold up profits in the commodites. This is Winter, Winters Suck for Steel in China…I just don’t see it unless Some Country goes all QE…maybe this is the point we exit the Matrix and fundies will actually matter?

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  18. gatorsun

    MCP grab this dog

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