Shipping Sector Part 2 : Momentum/ Short Covering / Recovery

A  Positive Perfect Storm for Jack A. Bass Managed Accounts 

Upgrades yesterday from Global Hunter, the day following Merrill upgrade of DRYS and news of the economic recovery in China

and as that great analyst Al Jolson told us – as regards the shipping sector ” You Ain’ t Seen Nothin’  Yet ”

This morning for example DRYS added a further 8 % to the rise this week

DRYSHIPS INC(DRYS:NASDAQ, US)

BuySell
2.71USDIncrease0.22(8.84%)Volume:
Above Average
As of 05 Sep 2013 at 12:22 PM EDT.

QUOTE DETAILS

Open 2.54 P/E Ratio (TTM)
Last Bid/Size 2.71 / 155 EPS (TTM) -0.83
Last Ask/Size 2.72 / 179 Next Earnings
Previous Close 2.49 Beta 3.11
Volume 12,623,733 Last Dividend
Average Volume 12,984,456 Dividend Yield 0.00%
Day High 2.78 Ex-Dividend Date
Day Low 2.54 Shares Outstanding 403.8M
52 Week High 2.78 # of Floating Shares 347.1371M
52 Week Low 1.46 Short Interest as % of Float 1.55%
chart

DIANA SHIPPING INC(DSX:NYSE, US)

BuySell
12.05USDIncrease0.3499(2.99%)Volume:
Above Average
As of 05 Sep 2013 at 12:26 PM EDT.

QUOTE DETAILS

Open 11.75 P/E Ratio (TTM) 106.3x
Last Bid/Size 12.04 / 3 EPS (TTM) 0.11
Last Ask/Size 12.05 / 21 Next Earnings 20 Nov 2013
Previous Close 11.70 Beta 1.41
Volume 1,032,578 Last Dividend
Average Volume 1,095,799 Dividend Yield 0.00%
Day High 12.21 Ex-Dividend Date
Day Low 11.75 Shares Outstanding 82.2M
52 Week High 12.21 # of Floating Shares 67.12071M
52 Week Low 6.45 Short Interest as % of Float 4.01%
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