06.25.08: What is going on with the shipping stocks, i.e. DryShips (DRYS)? They've tanked recently.
DryShips (DRYS) rebounded impressively last week and remains an A-rated stock in PortfolioGrader Pro. DRYS is a very volatile stock, so you just have to hang on. It'll take you on a wild ride! Thanks to record high day-rates for dry good shippers, the stock's underlying fundamentals remain solid. Remember, DRYS is an aggressive stock because of its day-to-day volatility. If your risk tolerance is low, then make sure to diversify your portfolio with conservative plays for extra padding. My general rule of investing that I tell my Blue Chip Growth subscribers is to invest in 60% Conservative stocks, 30% Moderately Aggressive stocks and 10% Aggressive stocks, because the day-to-day volatility of stocks like DRYS can be unnerving.
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