Baltic Dry Index down for 8 weeks: should you care ?

Quote from deadbroke:

DRYS is in a downtrend which is not even remotely threatened.

... look down at the volume. Its a soft cock. Then look to the left for the last 3 yrs of power-downtrend.

... for now,

S H O R T is the way to be until further notice.
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It makes me smile to think how in life one generally gets what one deserves. :)
 
interesting of you to reawaken a 2 month old thread to use more penis analogies. I looked at my trades so far on DRYS, and as we stand now i've lost $32.13 on it. I'm still short $6 Jan puts, and I expect to hold them and will probably roll them out further. Also, I leveraged up in early september and basically did amazing in this past month going long. I closed out many positions and I'm now up 35% in my largest account. So i'm doing ok, no thanks to the penis talk. P.S. If I were you,i'd look to close that short, you've down quite well, and since we're beginning to see signs of $USD inflation and global recovery, DRYS may recover.
 
Quote from ptrjon:

interesting of you to reawaken a 2 month old thread to use more penis analogies. I looked at my trades so far on DRYS, and as we stand now i've lost $32.13 total on it- [edit: a little over 1% of my average investment, not a big deal]. I'm still short $6 Jan puts, and I expect to hold them and will probably roll them out further. Also, I leveraged up in early september and basically did amazing in this past month going long. I closed out many positions and I'm now up 35% in my largest account. So i'm doing ok, no thanks to the penis talk. P.S. If I were you,i'd look to close that short, you've down quite well, and since we're beginning to see signs of $USD inflation and global recovery, DRYS may recover.
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Nice trade. Even if I agree with your thesis, I can't trust that quick-handed CEO. Aren't there better shippers out there?
 
Quote from ptrjon:

the global economy is recovering- stop buying guns and spam, and buy DRYS.
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confirmed BO on DRYS on 3x volume accumulating last couple of weeks- absolutely pristine
 
Quote from ptrjon:

interesting of you to reawaken a 2 month old thread to use more penis analogies. I looked at my trades so far on DRYS, and as we stand now i've lost $32.13 on it. I'm still short $6 Jan puts, and I expect to hold them and will probably roll them out further. Also, I leveraged up in early september and basically did amazing in this past month going long. I closed out many positions and I'm now up 35% in my largest account. So i'm doing ok, no thanks to the penis talk. P.S. If I were you,i'd look to close that short, you've down quite well, and since we're beginning to see signs of $USD inflation and global recovery, DRYS may recover.
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No pj, the Short is still on and stays on till approx. 7 bucks just as I said before I would do. I shall re-post the previous important post (for me only :) ) to show that my thought-ing has not changed.

Remember I'm Short for years now from the first valley down from the Nov 2007 top. Even if I close out the Shorty at 7 bucks, which is a bit higher from current prices, my profit margin is still approx. 90%.

So, I am still Short. And yes, its a pure Daily chart play.

I am looking to add to Short at the first sign of weakness.

I expected the weakness at the 200 m.a. but clearly she has crossed it.

I'll wait and will post the result immediately.
 
Quote from deadbroke:

DRYS ongoing Short as per TREND surfing\riding .........


Let's get to today and assume that the downtrend fails very soon when Price climbs above the trendline shown and the 200 m.a. (green) very convincingly and also takes out my black horizontal line shown in prev. chart. If I closed out the short then, it would be at say $7.00. Profit would be a whopping $92 and in real terms huge due to the mod high leverage used.




short position held continuously with many additions to short ..

(1) high leverage short entry 9-4-08 after 200 m.a. rejects Price

(2) high leverage short entry 11-2-09 after 200 m.a. rejects Price

(3) high leverage short entry 5-6-2010 after 200 m.a. rejects Price and wave low breaks down

(4) Next high leverage short entry will be at approx. $3.82 when/if rejection of Price is confirmed

(5) If downtrend failure occurs cashout will occur at approx. $7.00 - no fixed stop level just an area of concern - actually being in it will then determine the actual exit.
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reminder, this re-post of October 2 ... says it all and has my strategy therein.

Now of course there could be a trend reversal going on now, in which case I'd be taking profits at around 7 bucks as stated. But the thing with trends is that they tend to continue and its best to stick with it till it bends.

So to reiterate my thinking, after this rally is over, wherever it goes, I'm looking to add to short as I've done several times as seen in the quote. This time though, the leverage will be higher than before because if the short pans out it will be a wave C down.

One other thing, if correct in the continuing shorty , as soon as the low is taken out, I shall close out the deal and cash out.

DRYS will go into bankruptcy.

just my 2 c.

best of luck to all. :) :)
 
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