Dry Ships (DRYS) – 10-19-2007
Dry Ships is sort of a play on the booming Chinese economy. Their growth has been insane as the costs of shipping dry goods have skyrocketed in the past year. Despite the crazy chart, the price has merely been keeping up with the earnings, so I don’t believe this is a really expensive stock even if it continues to go up. The volatility makes this a very tradable stock, and it can also be a good long term investment if the recent selling starts a base here.
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