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Varchild2008 (84.36)

Eagle Bulk Shipping disappoints....so far...

Recs

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January 21, 2010 – Comments (3) | RELATED TICKERS: EGLE

I got excited and voiced my excitement over (EGLE) eagle bulk shipping.

So far....*ugh*  It's a loss for anyone that agreed with me and put money down on the call...

So my bad... my apologies....  But, I am still bullish on EGLE......and the overall dry bulk shipping sector.. Unfortunately, my bullishness may have to be reserved for 2011.

The problem with 2010 is we are in the midst of a DOLLAR rally + a laughable economic recovery that NEVER WAS a recovery.... + President Obama and his endless crybaby, tantrums.....

A)  He is wining about the Death of McCain Feingold..... Wining like a baby over Big Oil.... Health Care companys...and in reality.... He's wining that the American People who run and work in these businesses now have gotten back their U.S. Constitutional Freedom to have a voice in politics through Donating Money to further political campaigns.

McCain Feingold was always unconstitutional B.S. and it was one BIG reason I never would have voted for John McCain if it weren't for Sara Palin on the ticket.

B)  Barack Obama is wining about Banks....about wanting to tax the Banks....Take away their profits....

C)  Barack Obama is still wining over his now destroyed Health Care Takeover plans.

D)  Barack Obama is looking to do as much damage to the U.S. Economy as he can in order to "CRASH" the System..... Luckilly, Massachussets voters came out loud and clear in favor of their Country still being a Freedom loving Country.

And now we have Commodity meltdown....dollar rally....massive economic slowdown in manufacturing....everything is crashing hard.....across the board.....

Under these crazy circumstances.... Kinda tough to put on a Smily Face this year in regards to Dry Bulk Shipping... My earlier optimism has to be pulled back....for now.

Should you *sell* your shares of whatever Dry Bulk you may have in your portfolio?
Well... that depends on your retirement scenario.... as I said.. 2011 is a possible good year for the sector....assuming things turn-a-round then.

3 Comments – Post Your Own

#1) On January 21, 2010 at 5:18 PM, Varchild2008 (84.36) wrote:

CLARIFICATION:

The Share price of EGLE is below my "Bullish Call" unless I am mistaken... However, it is still up 7.5% year to date with the inclusion of today's 4% decline.

Dry Bulkers seemed to have lost 1/3rd to 1/2 of their share price gains today alone.  This action has made me bearish...

The MACRO does not support a Dry Bulk Shipping bull market in my view... but then I am a moron....so.....as usual do your homework!

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#2) On January 22, 2010 at 9:11 AM, SCCC2008 (< 20) wrote:

Hey Varchild,

Another good post on the Dry Bulk Shippers. I am no fan of my current Commander-in-Cheif either. I think hes on track to be a financial, political, and national security disaster. Hey, at least we got a face to face with the effects of liberalism and yet again it has failed.

With that being said, I still think there is a pretty good potential for Dry Bulk shipping and the DBI. A lot of volatility still yet to be seen. I think we're all really going to see a massive jump in share price in the 1-3 year range. It is a little sobering that they didnt jump with the rally in 2009, but that to shall come to pass and dry bulk investors must move on.

 

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#3) On January 22, 2010 at 3:04 PM, Varchild2008 (84.36) wrote:

The Share Price Jump won't happen until we see a recovery in the RATES....Shipping RATES.... As the C.E.O. of EGLE recently pointed out...

While the C.E.O. is optimistic this recovery happens THIS YEAR..... I am not optimistic... not as long as this sudden commodity deterioration is occuring.

I am not smart on this sector at all but they way I see this sector.... is this:

A)  Commodity Prices Up? 

then

B)  Shipping Rates can be hiked....

because

C)  Oil, Nat Gas, Precious Metals, Steel, Agribusiness company's are profiting more off the commodity price inflation and can therefore afford to pay higher shipping rates.

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