Hey everyone,the chances are if you held stocks through last week you took a major hit with all the bad news that took place in the economy that caused the market to sink all week long.Oil fell under 70 dollars,unemployment raised,bad company news such as cit they may face near bankruptcy again,drop in housing sales,etc.Well if you had "DRYS" it fell about 1 dollar, but so far this week although with the "DOW" bouncing back up Monday and today of 100+ points the stock is already at $6.55 at 12:59pm discarding how financial analysts analysis it as a bad stock.With today's recession still going on China doesn't export as much as it used to, so the shipping industry is sort of overcrowded.Too many ships but not enough imports/exports to fill the ships up.i think that if "DRYS" can stay stable for about 2 years by then the economy should start to be back on its track.Global market will be back on its feet, and with DRYS as the head of the shipping industry its profit will skyrocket within the following years, so keep hope in your eyes.
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