DRYS, daily
Summary
*first, a few charts on the BDI, which is absolutely important to keep in mind.
BDI, weekly, 3yr
BDI, monthly, 7yr
The first chart more clearly illustrates the recent jump in the BDI, but still..the bigger chart puts things in a rather stark context. The BDI is still over 80% lower than the previous cycle highs of 2007/8.
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The problem for anyone considering getting involved in DRYS - or most of the other shippers, is that DRYS is still struggling to make a profit.
see key stats @ yahoo! finance
DRYS remains a very speculative stock, and ever since the 2008/9 collapse wave, endless message boards have regularly highlighted it.
DRYS - still in dry dock
When you see DRYS on a monthly chart across the past seven years, it remains a stock that has NEVER even begun to recover/bounce. In many respects, until DRYS can break back into double digits, the stock is indeed still flat lining.
Yet, with the BDI finally starting to increase..perhaps now is the time to keep a more closer eye on DRYS.
