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 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.
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