Targets are conservative. (If/when reached, I will trail them from there and let it run till end that day)
DRYS: Target 7.40
DRYS/MGM: The flag formations are pretty long in the tooth, with some nice divergences to them. I think they will "touch" max pain ie 7.50 at least this week.
GMCR: Yea it's overvalued here big time, but PE's are not things to trade over. Yea I "think" it's going to be one the better shorts of the year, setting up starting in July, but not now. The trend is up, and today just took it down it to the channel support line, that's all. Max pain is 85, it's 33% short, with 95% fund ownership. If i was a fund, as correct as I "will be" one day...I sure would not want to show off that I have been "short" this thing all qtr...as that is one of the worst trades there could be on one's books. I actually would not be surprised (kinda almost expect) one of those pumper UPGRADES here soon, just for the "window dressing / squeeze".