DryShips ready to surge
For those who invested in or closely watched DryShips (NASDAQ:DRYS) in 2006 and 2007 when they went from $9 a share up to an extraordinary $130 a share in a short two-year period, may want to watch the company again, as they're signaling the possibility of another run, although highly unlikely like the one in the past.
One uncertainty either way is how the recent iron ore deal, where the iron ore industry changed from an annual to a quarterly contract, will affect DryShips and other transporters, especially in relationship to the spot price.
Another unknown is how the company share price will respond now that they've worked hard to build a foundation which seems to be fixed between $4.50 and $6.50 a share.
From there investors should be able to guage a little better than the past how the stock will perform, and what strategy they want to employ going forward.
No comments:
Post a Comment