This isn’t a debate. Just like I told you WNR was heading higher, when it was at $15, due to rising 321 crack spreads, I am telling you now: the dry bulkers are in the beginning stages of a huge melt up.
My pick is EGLE.
Based upon apples to apples p/s comparisons, EGLE, even after today’s move, is 50% cheaper than its peers. The reason has to do with debt and funding gaps. But that gets fixed, awfully quick, with rates soaring the way they are now. This is reminiscent of FTK, when the stock was saddled with loads of debt in the midst of a broad sector turn around. If you recall, I owned a few million shares at $1.
So here we are now, apparently with a resurgence in China, and the BDI is soaring again. If day rates continue to trend higher, expect the share prices of EGLE, DRYS, SBLK, DSX, SB, and others, to go through the roof.
My near term target for EGLE is $10.
Aside from EGLE, I added to my MHO position and started a new one in FSLR. At the present, I am 80% long.
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FLY, I am nibbling OWW here.
not bad
VIPS OH THE HUMANITY!
a few million shares of a $1 stock??? is there a fly story posted on it?
Just google FTK ibankcoin. I was on it for a whole year.
sweet jesus. it’s a $22 stock now.
Any thoughts on INVN?
like it
Les Fly, I bot GOGO down at $12 (thanks, pal). I was happy to see price rise above the IPO price with little to no resistance this week. With that said, I recall you mentioned something about the prudence of selling this one at $17. Any thoughts?
So glad that bears are so stubborn. Getting straight up castrated.
just sold some egle here for +76%
still in a decent amount of FREE- backed by some deutch bank until now
last comment if no-one did not notice about today onvo ufficialized the beginning of an incredible ( yet started )rise that will follow on the next 2 3 years , with a -big, undisclosed- commercial news that paves the way for many others to come
I’ve been accumulating. Love this story.
Fly, how about blogging about how you feel about a stock that continues to make a run after you sell ie GOGO
Fly, how about blogging about how you feel about a stock that continues to make a run after you sell ie GOGO
Apple’s iOS7 – “designed by a lunatic, and then hit with an axe.”
http://www.starkinsider.com/2013/09/apple-ios-7-jeremy-clarkson-review.html
It’s fun to troll the internet. Click bait.
GOGO – hat tip boss
KNDI XONE – booom!
what a zoo lol
i think we may have top ticked home builders….whoopsie
Been watching this. We have a seasonal high spot in Asia before it closed for holiday in the first week of Oct..Plus, China is in process of allowing Ore Trading so it could be Speculators. All of this rally up are the Capes, not the smaller ships, Inventory was down…less ships…higher price. But, the Greek Shippers have a habit of bringing more ships online when price goes up. Short lived story IMHO with Home Building and Auto production getting softer in CHina.
http://www.scmp.com/business/money/markets-investing/article/1309379/dalian-exchange-offer-iron-ore-futures
Not sure why you’re not into DRYS. It’s the best of the bunch. Wait until the ORIG dividend kicks in.