Has the time come for the drybulk carriers to rise again?
If my call that commodities are going to rise again is correct then one next logical investment would be to buy stock in dry bulk shipping companies.
I present as a case here DRYS (Dryships Inc)
The stock displays a potential completed a-b-c correction to end a 8 year bear market and in general in the dry bulk carriers. The Baltic Dry Index is at a 30 year low and there is pessimism in general. There is also talk of the primary engine of commodities growth (China) slowing down and potentially having a hard landing. When I look at the chart of the SSEC however I see a breakout and I see similar patterns in other Asian markets. The dry bulk shipping stocks are likely to follow.
I suggest a long term position trade in DRYS with about 0.5%-1% of total trading capital. You may also invest in other dry bulk shipping companies such as Diana Shipping, Navios Maritime Holdings, Genco Shipping etc. whichever you are familiar with. I suggest taking some profits (1/5-1/3 position) around the 3$-5$ level and the rest you keep as a long term investment. If you expect to get rich quick you have come to the wrong place for advice. Good luck to everyone who chooses to take this investment.
This is not investment advice and you are solely responsible for your actions. For a full disclaimer see here: highprotrading.com/disclaimer/
For a full list of instruments traded in the lifetime of the portfolio and for performance go to the Performance section: highprotrading.com/performance/
I present as a case here DRYS (Dryships Inc)
The stock displays a potential completed a-b-c correction to end a 8 year bear market and in general in the dry bulk carriers. The Baltic Dry Index is at a 30 year low and there is pessimism in general. There is also talk of the primary engine of commodities growth (China) slowing down and potentially having a hard landing. When I look at the chart of the SSEC however I see a breakout and I see similar patterns in other Asian markets. The dry bulk shipping stocks are likely to follow.
I suggest a long term position trade in DRYS with about 0.5%-1% of total trading capital. You may also invest in other dry bulk shipping companies such as Diana Shipping, Navios Maritime Holdings, Genco Shipping etc. whichever you are familiar with. I suggest taking some profits (1/5-1/3 position) around the 3$-5$ level and the rest you keep as a long term investment. If you expect to get rich quick you have come to the wrong place for advice. Good luck to everyone who chooses to take this investment.
This is not investment advice and you are solely responsible for your actions. For a full disclaimer see here: highprotrading.com/disclaimer/
For a full list of instruments traded in the lifetime of the portfolio and for performance go to the Performance section: highprotrading.com/performance/
Disclaimer
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