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Sunday, December 30, 2007

DRYS

I could not understand why this drybulk shipping company's stock went down during a very weak market, probably because of an even weaker shipping sector. Drybulk shipping is an investment towards neoliberal global capitalism.

I define global capitalism as a global infrastructure ran by an ever increasing demand for natural resources, manufactured goods, and a growing population. Although international trade organizations try and regulate trade, the World Trade Organization (WTO), the largest international agency monitoring trade and exchanges of capital, preaches on their website the importance of "free trade," even in their own defense of regulating trade (at the expenses of exploiting hundreds of thousands of people).

Not to invoke pity by my previous statements, I believe that shipping companies are the best investment for our constant, and obviously increasing, global (including local) development. Members on the Motley Fool CAPS forum raise questions about DryShips' management. If governments are corrupt, why should we expect large corporation's management to be squeaky clean?

TheBullTrader.com an excellent technical analysis blog recommended DRYS around $72 giving a stop suggestion of $70. What an excellent pick. The day after their recommendation the stock jumped 5% and appeared on the IBD Stock's On The Move chart (a list of stocks being heavily accumulated, meaning by institutional investors and individual investors) on the Investors.com homepage. The next day the stock opened 7% higher and closed at a +6% gain (10% in 2 days).

LVS - Las Vegas Sands looks to be heading near a support at $100 so I would highly recommend this gaming company. They own the Sands in Vegas and a monstrous casino in the rapidly developing state of Macau.

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