DRYS - Dryships, Inc. (NASDAQ Stock)

[Evil-Eye]

Open 88.24
Previous Close 92.42
Day's Range 85.00 - 92.89
52 - Week Range 13.30 - 131.34
11/21/06 - 10/29/07
Avg Volume (10 days) 5,352,177
Price / Earnings (TTM) 9.8x
Earnings Per Share(TTM) 8.92
Market Cap 3.6 B
Beta 1.8
Dividend Yield 0.92%
Declared Dividend 0.20
Ex-Dividend Date 10/11/07
Dividend Payable Date 10/31/07
Shares Outstanding 36.2 M ( another says 41 M)
Institutional Ownership 28.28%
Number of Floating Shares 19.5 M
Short Interest as % of Float 13.22%


By Evil_Eye_21201

Looked like like the second leg of a double bottom.

http://www.forbes.com/2007/11/13/dry...rtner=yahootix

http://www.fool.com/investing/genera...l-gangsta.aspx

http://www.youtube.com/watch?v=99rOzMVtcx4

[BadThad]

Looking good, I think the dry shipping stocks are all down and I don't know why.....I follow EGLE pretty closely.

[Evil-Eye]

I read that this is a contract negotiation period combined with profit taking/general market sell off is causing the depressed prices. The one article I posted mentioned both DRYS and EGLE. Both are supposed to well positioned. I caught DRYS at about the bottom yesterday at 85.25. I was up but didn't get out this morning at 92. I had set my limit too high. That would have been some nice quick money. Oh well. :rolleyes:

[Evil-Eye]

This getting cheap @ 82.00. I wonder how low it will go.

[BadThad]

Originally Posted by Evil-Eye

This getting cheap @ 82.00. I wonder how low it will go.

I just said that in the CFC thread! LMAO

This bear is slaughtering of good stocks.....I'm dying to pick up some bargins.

[Evil-Eye]

Originally Posted by BadThad

I just said that in the CFC thread! LMAO

This bear is slaughtering of good stocks.....I'm dying to pick up some bargins.

At least GBT is coming back. I wish I would have went short this morning.

[Evil-Eye]

The short squeeze has started.

[Evil-Eye]

This came back cuz. http://www.youtube.com/watch?v=hZKFynkGE18

[Evil-Eye]

This came back cuz. http://www.youtube.com/watch?v=hZKFynkGE18 So much for the double bottom.

[Evil-Eye]

Market Scan
As Drybulk Goes, So Goes The World Economy
Ruthie Ackerman, 11.30.07, 8:20 PM ET
Shares of drybulk shippers jumped on Friday as the cost of chartering vessels extended its advance, a sign that the global economy -- powered in large part by China -- is expanding at a smart pace.

Drybulk future rates were up about 17% from last week with an average Capesize rate at $137,000 per vessel per day, up from $116,000, said Cantor Fitzgerald analysts. Meanwhile, spot rates for Capesize vessels, which are the largest ships, shot up on Friday to $177,418, up 2.9%, from $172,369 on Thursday, but down slightly from last week. A year ago, however, the rate was below $68,000.

One reason may be that the world’s largest iron ore producer, Brazil’s Companhia Vale do Rio Doce (nyse: RIO - news - people ), said on Thursday that it had begun discussions with its customers over iron-ore prices for next year. China is the world’s biggest iron importer, and it gets 24% of its needs from Brazil. Analysts and investors are expecting significant price increases for iron ore in 2008, indicating strong demand. In turn, dry bulk forward rates for 2008 are also showing increases.

On Friday, dry bulk shipping stocks shot up, with those most exposed to the spot market posting the biggest rises.

DryShips (nasdaq: DRYS - news - people ), which is heavily exposed to spot rates, saw its shares jump 5.0%, or $4.52, to $94.48 at the close, while Diana Shipping (nyse: DSX - news - people ) shot up 4.5%, or $1.52, to $35.41. Excel Maritime (nyse: EXM - news - people ) rose 1.4%, or 76 cents, to $53.54; Quintana Maritime (nasdaq: QMAR - news - people ) gained 3.1%, or 79 cents, to $26.55; and Euroseas (nasdaq: ESEA - news - people ) increased 4.0%, or 58 cents, to $15.20.

http://www.forbes.com/2007/11/30/dry...rtner=yahootix