DRYSHIPS and Jack A. Bass Managed Accounts

It is not at all pleasant to see a holding on the ” major down moves ” Monday a.m.The secondary offering of $ 200 million caused a 7 % drop in after hours trade Friday and that was the opening number Monday.

We sold nothing.

Our experience with Oil and Gas Juniors and Junior miners is that you raise money when you can – because you can’t raise money when you need it badly. Dryships can now carry on into 2015 –

1) a recovery in shipping rates has begun

2) a general economic recovery in the world and China in particular is underway

3) Management does not want to sell more Ocean Rig at a time that sector is surging.

4) the idiocy in Washington will pass until the next time .

I went to breakfast.

Back now the stock has recovered somewhat from the panic level of the opening.

DRYSHIPS INC(DRYS:NASDAQ, US)

BuySell
3.58USDDecrease0.20(-5.29%)Volume:
Above Average
As of 07 Oct 2013 at 10:39 AM EDT.

QUOTE DETAILS

Open 3.52 P/E Ratio (TTM)
Last Bid/Size 3.58 / 234 EPS (TTM) -0.83
Last Ask/Size 3.59 / 139 Next Earnings
Previous Close 3.78 Beta 3.31
Volume 7,821,288 Last Dividend
Average Volume 22,105,229 Dividend Yield 0.00%
Day High 3.66 Ex-Dividend Date
Day Low 3.47 Shares Outstanding 403.8M
52 Week High 4.00 # of Floating Shares 347.1371M
52 Week Low 1.46 Short Interest as % of Float 2.06%

Baltic Dry Index (BDI)    +31   2115 
Rates

BCI

(Cape index)

BPI

(Panamax index)

BSI

(Supramax index)
INDEX

4020

+77

1947

+33

1127

+14

SPOT 4 TCE AVG (USD)

38350

+551

15610

+260

11784

+141

YESTERDAY (USD)

37799

15350

11643

YEAR AGO (USD)

11172

5155 8271
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