Wall Street Manna

An irreverent look at Wall Street

Friday, May 22, 2009

The shipping stocks

I'm in all of these names at lower prices, so I'm talking my speculative book.

EXM had a big earnings beat yesterday, PRGN had nice earnings, and OCNF just finished their ATM offering.

And since DRYS always hits the market with another ATM offering whenever it's head gets above water, it shrinks the available supply of stocks you can invest in.

And judging by the Baltic Index, it's not the only place supply and demand is getting favorably aligned.

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