Up early here and I decided to run some numbers. I have created a pretty elaborate spreadsheet for the Dry Shippers to try and point me to where value is. From playing these things for awhile it seems they generally are flat or down on most days then skyrocket when these three conditions all happen:
1. NASDAQ is up by 2% or more
2. BDI is up by 2% or more
3. Financials are having a solid day (FAS 3X leverage up about 6%)
Obviously the stocks will fluctuate a little if there are mixed signals, but what you are looking for is to buy on days when all three of the indicators are down and sell when all three of the indicators are up. On days when the three indicators align, the best moves are usually made right near the closing bell too.
I attempted to fit an indicator that looked both at the NASDAQ number and also the BDI. The formula I am using is the square root of (0.75*BDI*NASDAQ). I created some weighted averages of fair price based on my created index number, but it would likely take more time to explain what I am trying to do than to just spit out my results.
I believe this sector is WAY underpriced and believe these to be the fair values for each of these stocks:
DSX - 13.68 (+6.0%) - After running these cals, I am going to sell this one and take my small profit. It's possible though that this evaluation is way off because DSX is loaded with cash and could buy more ships while the other Shippers just try and survive.
PRGN - 4.55 (+21.3%)
FREE - 1.00 (+48.5%) - High risk, high reward here. I usually hate stocks less than a $1, but I will add some shares here as part of this.
NM - 3.02 (+24.0%) - Huge run up happened the last two days. Very well run company. One of the safer selections IMO.
ESEA - 4.74 (+7.6%) - Going to avoid this company
EXM - 5.55 (+34.0%) - I have 4,000 shares now, but will be adding many more. This thing could skyrocket.
SBLK - 1.95 (18.2%) - So far the Supramax fleet has bot done that well in the Baltic Indexes. If it starts to gain traction, this could jump huge too. I currently have 6,000 shares and would add more on a nice dip.
DRYS - 5.29 (+26.6%) - This company is very hard to evaluate as they have dilluted shares, etc. Feels like a bargain though and I will be buying some.
GNK - 13.63 (+12.0%) - Too many other deals, will pass here
EGLE - 5.35 (+16.8%) - There was a lot of money to be made with this one, but the run up already happened. I will look for a softening before getting in.
Of course, that thread got deleted, so feel free to channel AzCards. 
I love it when FBGs make money.
Dodds moves quick.
I've already got my Schwab cards, just waiting for the electronic deposit stuff to go through to set everything up. I just ordered these because the Countrywide 2% cards are going away (boo on them).
