Cramer Doesn't Like DryShips (DRYS); Recommends Frontline (FRO) or Nordic American Tanker (NAT)
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- DryShips (DRYS) Cancels Acquisition Plans for Two Panamax Vessels
- DryShips Announces Termination of Agreement to Acquire Two Panamax Vessels
- DryShips (DRYS) Announces Exercise of Over-Allotment Option by Underwriters, Closes Convertible Senior Notes Offering for Net Proceeds of $448M
- DryShips Inc. Announces Exercise of Over-Allotment Option by Underwriter and Closes Offering of $460 Million Convertible Senior Notes
More News related to FRO
- FBR Research Reiterates an 'Outperform' on Frontline Ltd (FRO); Best Positioned to Benefit From Recovery in Oil Tanker Market
- Frontline (FRO) Declares $0.15 Quarterly Dividend; 2.2% Yield
- Frontline (FRO) Posts Q3 Loss of $0.07, Beats Street by 5c
- FRO - Q3 2009 Presentation
- FRO - Third Quarter and Nine Months 2009 Results
More News related to NAT
- Nordic American (NAT) CEO Speaks with Cramer; Both Bullish on Company
- Naturally Advanced Technologies to Present at the 2nd Annual LD MICRO Conference
- Nordic American Tanker Shipping Ltd. - (NYSE: NAT) Delivery of Vessel no. 17
- FBR Capital Upgrades Tankers Industy to Overweight (FRO, OSG, GMR, NAT)
- J.P. Morgan Upgrades Nordic American Tanker Shipping (NAT) to Neutral
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Despite a "Don't Buy" recommendation by Jim Cramer on Mad Money last night, shares of DryShips (Nasdaq: DRYS) are trading slightly higher in this morning's pre-market session. The stock is currently up 0.32% to $6.30.
Taking a caller during the "Lightning Round", Cramer simply said hes "not going to go there", referring to DryShips stocks. Instead, Cramer recommended investors pick up shares of either Frontline (NYSE: FRO), on of the largest drybulk shippers by market cap, or Nordic American Tanker (NYSE: NAT).
Notably, shares of Frontline are currently trading up more than 2%, possibly on the Cramer tout.
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Comments
DRYSHIPS MAKES MONEY
WAY MORE ROOM AT 6 BUCKS TO MAKE MONEY THAN AT 25-32 A SHARE,,,,,COMMON SENSE SAYS BUY MORE AT LOWER PRICE,,DRYS IS A SOLID BET TO GO HIGHER,,,,CRAMER HAS A RIGHT TO AN OPINION,,,,ONLY FOOLS FOLLOW BLINDLY!!!
STOCKS PICKER
CRAMER I BUY DRYS YESTERDAY AT ITS DIP. ITS GOING UP. YOU MISS IT. I THOUGHT YOU ARE A TRADER. YES YOU ARE NOT. I OWN BAC WHICH IS GOOD. I OWN HSY, T, VLO I BOUGHT THESE STOCKS AT ITS DIP THE OTHER DAY. NOT ALL CRAMER'S RECOMMENDATION IS CORRECT.
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What?
Billy Bob on Jun 23, 2009 12:11 PMwhat did you just say?