November Stock talk I

Still recovering from the parade in Philly yesterday.  Figured I'd get this started since I have nothing going on tonight and watching football from home.

One of the more popular board stocks DRYS releases earnings Monday, November 3.  In fact, DRYS moved their earnings release and conference call date up.

I've gotta imagine this is in response to paniced investors as the stock continues to plunge.  I'm thinking they will attempt to calm investors nerves and announce the final details for the spinoff. 

But again I know nothing.  However, if you have bad news . . . why move it up?  Maybe I am hoping for the best. 

I don't know what DRYS will be announcing but to answer your above question as to why a company would do it if the number were bad.

Bank of America did that 2-3 weeks ago, but they did so abruptly after the market closed down 1K points.  I think they did it as a last minute thing to try to hide their bad news in with the larger market bad news.

I would think that DRYS would have decent numbers since any real slowdown didn't materialize until the very end of Sept and into October.  The real issue is forward expectations

VH2,

Numbers will be fine, the sh!t hadnt hit the fan yet rates wise, the additional share count hadnt gone up etc etc.

What will be more important is the CC and what George has to say more than the number.

More than likely including all the revenues and ship sales, we will make over 5 a share last Q..for a 20 buck stock that is amazing.

It wont mean much based on the numbers, rather what he has to say and any future forecasts. George wont come out and be overly optimistic, he will be matter-of-fact in his approach and he will say the reasons for the drop in the BDI which we already know and he will say liquidity isnt an issue and 3rd party issues are not a concern etc.

I hope he holds off on the spin..the drop in oil has spooked the drillers and now is not a great time..I hope he uses an SEC excuse and holds off another quarter.

Thanks for the comments Wallstreet



This is a long term hold for me . . . I have a 3-5 year time horizon on this so the movement now doesn't bother me too much, but I would like to see some stability.  It is very discouraging when you see a stock go down 10-15% a day.  But the whole stock market is getting beat up so not like it is just this holding. 

Kicking myself now because I transferred some more money to my Ameritrade account to buy on the dips to make a short term profit but never pulled the trigger at $13 (or below).  Would have been a nice short term profit if I had.  Oh well.  I am sure the stock will be back down there again and I'll have the opportunity again to maybe make a short term flip. 

We shall see. 

 I think the rationalization of bottom fishing is dangerous, and it is better to recall this:

Don't look at how much the company's stock has fallen.
Look at whether they will survive.

CC

 I think we can conclude one sure thing, if there be such an item: GS will survive and prosper.The Feds will make certain they do.

  Get ready for a Democratic landslide CC...and the inevitable disappointment their Messiah turns out to be...just another pol....

Seems like a fairly muted reaction to great numbers from DRYS, probably because it's a flat to day.  I think it's ready to explode when the market does well.  $35 real fast.  We'll see.

Depeche,

What the report today did is settle ALL issues about stupid BK talk and about 3rd party issues.

If/when the BDI bounces, DRYS will run much higher.

Big volume today, they are trapping it and trying to make 20-30 cents on these moves.

I was watching CNBC World last night and they had a guy on talking about the shippers and when he said what the BDI was at I thought he made a mistake. 

I knew the BDI was falling the last few weeks/months but I had no idea it was below 900    

Man they have been hammering DRYS for the last 30 minutes, short taking it down off the highs.

jax, its a very narrow and illiquid measure of shipping rates, just the summation of some shippers quotes, it would be like taking 10 SPX stocks and quoting them and basing the S&P 500 off 10 stock quotes.

Illiquidity has been killing it, and the FFA (futures) have no market, so it is similar to the CDO market..being pushed down to being frozen.

These issues have to resolve themselves, trade has to occur and at current prices there wont be too many shippers participating to perform services at a loss.

What is that a 90%+ drop in two months?

jax,

Yep they have taken it down I think every day but one or two over the last 45 or so..just down down down down.

Its a combination of illiquidity, fear, shorts and momentum.

Booo this 150pt trading range bore-fest.

Bring back the 1000+pt swings


Also, since I did it on the way up, I need to do it on the way down
The VIX is BELOW 55!!!

claycourt and wallstreet--would you please send me a friend request?  I'm having a difficult time requesting you.  

Obama rally today.

https://www.milkandcookies.com/link/131843/detail/

Why? I saw your request but I dont know who you are?

Because I'm interested in investing, and you seem like a pretty sharp guy from what I've read in your posts!  

Thanks..

I have about 40 friend requests and I dont accept many, if there is a specific question you have feel free to ask it and all of us, me included will try to help.

Thank, I appreciate it!

Wall...Been following your info on DRYS and I gotta say this is a total farse. For your sake and those of us who are getting in at this low price, lets ride her back to $80.

On another note I wanted to get some folks opinions on a couple "cheap oil time" stocks.  Particularly UPS.  With a holiday season approaching and a price increase for UPS coming on 1/5/09, I see some serious profits coupled with cheap oil.  Is this not a $65 stock trading at 53 with a sound 3% dividend?

Thanks guys.  You regulars make this forum great.  Beats anything CNBC can put out