DryShips, Inc.

In previous posts I have mentioned Dryships, Inc. (Nasdaq-DRYS) as an interesting play.  Shipping stocks in general have been strong in recent market sessions.  They are really a great way to play the global economic recovery that may be developing. The Baltic Dry Index has been rising in recent days as well.  DRYS is particularly strong today after announcing they they raised $500 in equity capital, thereby helping their balance sheet.  Could be a short squeeze developing as well as many folks have been negative on DRYS.  Disclaimer:  I own the stock.

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