Some comments on DRY shippers! EGLE vs DSX Good Luck
EGLE has the highest beta of any dry bulk shipper...50% rallies twice after touching $3.
They also have the healthiest balance sheet along with DSX among the dry bulk shippers yet is positions for healthy growth.
Last year materials stocks were the best performers between March and June...that's the seasonal trade. Copper continues to make higher highs and higher lows...China is buying. You want to get long EGLE, FCX and SU. As Dennis Gartman says you want the type of stocks where if you drop it on your feet it hurts or your can eat it.
Sophocles Zoullas has positioned this company for a rocket move up...buy now and sell in May or June...make some of your losses back.
HI guys, How is going? Very bad in the market. Nothing looking good. But i want to go long either JPM, USB, WFC, PNC, STI, STT, BBT , GS.......sALIM please let me know which one is the bwst?? Thanxs in advance.
10 comments:
Some comments on DRY shippers! EGLE vs DSX
Good Luck
EGLE has the highest beta of any dry bulk shipper...50% rallies twice after touching $3.
They also have the healthiest balance sheet along with DSX among the dry bulk shippers yet is positions for healthy growth.
Last year materials stocks were the best performers between March and June...that's the seasonal trade. Copper continues to make higher highs and higher lows...China is buying. You want to get long EGLE, FCX and SU. As Dennis Gartman says you want the type of stocks where if you drop it on your feet it hurts or your can eat it.
Sophocles Zoullas has positioned this company for a rocket move up...buy now and sell in May or June...make some of your losses back.
Hi Madmax,
I just looked @ the cash position of EGLE,DSX & GNK.....
Here is total cash position as per yahoo finance :
EGLE cash $32.98 million
cash per share .703
price to sales .98
DSX cash $62.03 million
cash per share .834
price to sales 2.67
GNK cash $124.96 million
cash per share $4.001
price to sales .88
Facts are quite intriguing!!!!
Saleem
HI guys,
How is going? Very bad in the market. Nothing looking good.
But i want to go long either JPM, USB, WFC, PNC, STI, STT, BBT , GS.......sALIM please let me know which one is the bwst?? Thanxs in advance.
SALEEM
WOW some interesting numbers I do not follow GNK-do you
If you all like I can do a IBD print out on their ranking
Cheers to all We are past due for a Bear Ralley
Comments appreciated
I still think GE os a compelling buy here really strong close Friday
Hi Ds,
Nice to hear from you again.
In your list I only follow GS & JPM which CAN be good idea for a market recovery.
Try to look towards technology stocks now...as they ARE acting better....especially small ones in semi.
Saleem
Hi Madmax,
I bought GNK yesterday....I followed its tape for a long long time & it IS looking GOOD !!!!
Saleem
Hi All,
I have to laugh! Read an old article J. Cramer opinion, bulk up on dry bulkers! Buy, Buy, Buy, date - 10/07
Ha Ha Ha Ha!!!!!
Seriously, GNK and DSX my choice.
Best Regards
I Did NOT know that you were looking at the Drys!
That is great
you are going to make some $$$ here
Great dude
M
HI Saleem,
With absolutely everyone calling for a rally near term, isn't it prudent to take contrarian view?
charlie
Hi Charlie,
When Nasdaq has closed @ new lows for 19 months...it IS a washout in markets....no sellers left by friday LOWS????
I will let this rally run first then Short if you want to...use RSI & Slow stochastics for overbought levels using 12 month picture.
Saleem
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