In a previous post "Dry Bulk Shipping Ready to Sail", COSCO analyst cited a few reasons to be optimistic in the sector by the end of this year. In the mean time, the once-popular Baltic Dry Bulk Index (BDI) has bulked weeks of downward trend since late September. Is this just a coincidence or it is indeed a year end party for stocks like DRYS, DSX, NM, etc?
Below is a snapshot of the BDI in the last month:
Oct 07, 2009 2546.00
Oct 06, 2009 2441.00
Oct 05, 2009 2362.00
Oct 02, 2009 2357.00
Oct 01, 2009 2284.00
Sep 30, 2009 2220.00
Sep 29, 2009 2185.00
Sep 28, 2009 2192.00
Sep 25, 2009 2183.00
Sep 24, 2009 2163.00
Sep 23, 2009 2175.00
Sep 22, 2009 2246.00
Sep 21, 2009 2318.00
Sep 18, 2009 2356.00
Sep 17, 2009 2390.00
Sep 16, 2009 2415.00
Sep 15, 2009 2431.00
Sep 14, 2009 2450.00
Sep 11, 2009 2468.00
Sep 09, 2009 2491.00
Sep 08, 2009 2462.00
Sep 07, 2009 2429.00
Disclaimer: Stocks/financial instruments mentioned in this blog are not to be taken as investment advice/recommendation. Readers must consult their own financial advisors and/or consider their own risk/reward profile before making investment/trading decisions. The blog author is not liable for any investment/trading decisions of readers should readers decide to base the decisions on information provided by the blog.
Disclosure: The blog author owns DRYS in her personal account as of October 7,2009
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