DRYS trading

Isn't it possible to do pair trading with them? Buy the oversold, sell the oberbought.
In stockcharts.com chart the symbol FRO:DRYS you would want to short FRO and go long DRYS as an example. You could also find som intraday trades.

Good luck
 
Quote from scriabinop23:

Nice... and even with that info, your edge is about equal to a cointoss, as the sector is entirely decided by macroeconomic forces. (ie when will the aggregrate demand pick up for goods shipped between china and brazil)
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Yes and you should have a grip on all those macro economic forces, in any case we all know how to trade parabolic price moves, do we ? Actual its more useful to know weekly average fixtures rates for Capesizes more than anything else.


PARABOLIC UP

PARABOLIC DOWN

2009 FFA's went into a severe downtrend long before the shippers followed suit.

Any way no point for further discussion, l milked my cups, errr actually buckets out of TBSI, GAME OVER till June 2010 :D


P.S. Would you guys trade CHK,BP or other energy majors without a single piece of Data from Nymex, The Ice, Dubai Mercantile Exchange, Safex, BM&F, Opec and IEA ?

Do your homework and do not make an easy game hard....
 
Quote from jeb9999:

DRYS down to 5.26 at low.

Earnings estimate for 2009 is $6.50, guess that number will be revised downward.
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$6.50 IS the downward revision, based on Baltic Dry being in the 800's. I would say oversold is good description at this point.
 
DRYS ships iron ore,coal,and grain. all 3 are down in pricing tremendously which means so are shipping rates., don/t get sucked into a stock that was once hot. does'nt mean it will be hot again.
 
Quote from NoDoji:

$6.50 IS the downward revision, based on Baltic Dry being in the 800's. I would say oversold is good description at this point.
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DRYS closed at 5.34 down 33.33%.

I would say that the market differs with your opinion.
 
Quote from jeb9999:

DRYS closed at 5.34 down 33.33%.

I would say that the market differs with your opinion.
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It's not my opinion. Analysts revised DRYS 2009 earnings from 9.35 to 6.50 just recently based on the Baltic Dry Index @ 829. Considering over 50% of their fleet was locked in at May's rates through 2009-2010, they just reported 3.50/share earnings for the past quarter, and Baltic Dry Index is finally crawling back up, I would still describe this one as "oversold". However, I've come to the conclusion that the word "oversold" has no real meaning in a bear market :eek: When your clients yell "sell" everything's gotta go!
 
Your opinion that the market differs with was the "I would say oversold is good description at this point." not the "$6.50 IS the downward revision, based on Baltic Dry being in the 800's."

And yes, you are correct in "the word "oversold" has no real meaning in a bear market". Low can keep going even lower.
 
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