November Stock talk I

Scratch the above, it looks like the Bloomberg crawl is FUBAR

Looks like the Chinese are putting together their own economic stimulus package . . . I wonder how the markets will react to this Monday.  Probably a good thing for commodity stocks i suppose. 

no chatting today fellas ?? what are you guys looking into ??

I getting in on  MDR hoping we reverse the reverse of the day and end up for the day.

the fed's need to help the damn autos out and we can move on up. I think GM news today has been dragging the whole market down. odd that they singled out GM outta the 3. ford wasnt even down for most of the day.

LVS with a massive stock offering tuesday 11-11 which will dilute current shareholders over 50%. stock halted first 45 mins on the NYSE

 

https://www.covers.com/postingforum/post01/showmessage.aspx?spt=86&sub=100277977

So WTF is DRYS going to zero or something?  Under 11 bucks!!!  Good friggin grief!

Depeche,

Its shorts..the volume is huge and hedgies are feasting on the stock and have for the last week or so.

If anything the BDI is turning..pana rates are 50% HIGHER than Cape rates, that to me means the market is turning and rates will go higher.

It does not matter though, when we have zero short sale rules and hedge funds are attacking, the stock COULD go to zero.

The business has not gone to zero, rather the stock is being attacked.

the whole dry bulk sector is getting killed -10 % DRYS -20% due to it's easy manipulation. I was thinking of getting in around 10 but im waiting for the dust to settle i think we are close though. Shorts should start covering very soon.


I think its time the gov steps in to help the autos. I'm waiting on almost everything now. I really think the slow response to the auto industry is killing the market right now. If they dont save them Im outta the market for a while. that imo would cause it to crash. you cant take 2 million jobs away from this fargile economy and keep on trucking along.

does anyone know a site that tracks shorts ??  i look at 1 shortqueeze but i think they are not correct or up to date. DRYS seem to have termite shorts in it and it only shows 13% of float being short

WLD,

Nope.

Hedgies arent required to show positions regularly so there is no real way of tracking shorts that I have found.

Another great day in the markets..selling all day and now we are down 300 points.

GM to either go into BK or be diluted to hell (as they deserve to btw) financials retesting lows, nothing looks good.

Being long this market is suicide period.

Where is a good place to go to figure out how much revenue DRYS has locked in for 2009 and 2010?

I guess my question is . . . if BDI somehow stays in the 1000-2000 range all of 2009, does a company like DRYS have enough revenue locked in with the UDW and LTC's to ride out the storm?  I think that answer is yes, but i'm having a tough time finding this information.

I believe from past posts they should be fine for next year until BDI turns. 

Thoughts from anyone?  there are some good posters on another board  I go to but hey seem to have gone into hiding and that is infested by bashers. 

VH2,

You can go to the most recent earnings release and add up the LTC numbers, that gets you the info.

I also remember hearing George say they have 500M in revenue locked up for the next 2 plus years not assuming anything else from the spot vessels.

And the UDW assets will bring in what 4-5 per share counting new shares issued?

The stock is under attack period, shorts and hedgies are trying to force it down because they can and it is working. Even though I know the company will survive, I cannot fight the market here, the money behind the shorting is unbelieveable, and nothing can stop it..

3rd Q EPS is 2 times the stock price, what a total joke.

$9.5 million shares traded through 1:40pm. 

Im waiting for an oppurtunity to get into DRYS. you know that it will sky rocket after the shorts cover. I have been really good with drys stock up and down i just didnt have the heart to short it. when it stalled at 23 area i was like to get off the ship. it has plummeted from 23ish to 10ish probably could get to low 9ish or upper 8ish. thats serious shorts at work. The BDI looks to turn up soon.

What a piece of crap lame rally that was.

Way too early and they sold right into it.

A crazy idea for the autos....and I'm sure it'll get all the capitalists in a bunch, but I wonder if the govt might do what they did with the banks and buy a large share in the Big 3 and then merge them as well.  Have 1 large U.S. automaker owned largely by the government and force it to be forward thinking in terms of alternative fuels.  I know, probably stupid and crazy.

Depeche,

The problem is that these automakers have MONSTER pension liabilities, they invested in CDO garbage and their operations are inefficient and vehicles overpriced.

Companies like that dont deserve to be in business.

Unions killed these companies, that and bad management.

A handout isnt a good idea to me, but they will probably go into BK, shed most of their pension liability (force it onto the US government) and screw the debt holders and common shareholders, come out nice and clean, then screw up again down the road.

Reminds me of Delta Airlines and others who did the same thing.  

GS looks like a short squeeze. I hope it gets chopped tomorrow and i can get in. hell even if it doesnt open higher im in.

Unions didn't kill these companies.  Companies can survive with unions.  It's the bad management part.  Crappy vehicles always behind the curve.  What a mess.  Might be a bigger mess than the financials stuff.  The number of jobs, and also pensions as you mentioned, is staggering.

Is there a solution?  Just let them die?