Hello everyone wishing everyone a Happy New Year! Congratulations to all with the impressive returns the posters have made this year. Especially you Dale. The MHR you brought to the thread was a real gem and made a lot of people a lot of money. Thanks for your hard work and sharing your ideas! Even though I got in around .50 I sold way way to early in the 2+ range and it never looked back. It is ok... happens quite a bit for me...ggg.. If I did decide to jump back in I would kill your rally, so you are safe for now!
Anyway this is the time of year I like to reflect and try to see the forest through the trees. (I do a lot of short term trading, so tend to get caught up in the noise). I try to look for sectors that have been beaten down, but at the same time we need and maybe fortunes will turn. Not many out there right now other then some big cap tech stocks like INTC or MSFT which I think are safe, pay a decent dividend and could have a nice run next year.
However, the one sector that really stands out as the red headed step child is the Dry Bulk Shippers.. Almost all of them are at 52 week lows as I type. I know the risks, universally hated, highly leveraged, lots of new ships coming on line, horrible BDI rates, Euro crises to name a few. But at the same time if the economy really is improving some of these shippers should benefit. I think the economy is improving and will continue to do so at least up until the next presidential election and the tide will turn on these shippers and or consolidations will happen. My favorites are
DSX 11.9 (cleanest balance sheet with least amount of debt safest play I think)
DRYS 5.5 (volatile but has some deep water drilling rigs to offset BDI rates, and is loved by traders.)
GNK 14 (highly leveraged but if things improve will benefit, chart is horrible though)
SHIP .92 (pure spec play, possible takeover candidate or BK take your pick)
There it is for all to see I will be either a hero or goat in the coming year.
Again Happy New Year all! |
