DRYS will go UP
$2.75 on 5/17/09
$1.00 (-42.86% from time of market call)
1) DRYSHIPS was upgraded to OUTPERFORM (4/17)
2) Baltic Index (BDI) 20 day moving average creeping upwards
3) BDI is a forward indicator whereas the unememployment rate is a lagging indicator
4) With Oil so cheap compared to last summer, companies buying oil and keeping them in these rigs. The daily cost is not cheap!