Monday, May 19, 2008

Shipping: Will the Run End Today? (DRYS; DSX; EXM)

With Excel having reported this morning and Dryships reporting after the close I'm thinking the easy money is behind us.
Premarket EXM was up 3.07%, DSX 1.92%, DRYS 1.69%.
I'm wondering if DSX is setting up one of Mr O'Neill's cup-and-handle formations, which would mean we can go elsewhere for the next few weeks.

Here's the one year chart from BigCharts:

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