NEW YORK ( TheStreet) -- Dry-bulk stocks were under pressure Thursday as investors and traders, inspired by the broader market selloff, fled all sorts of risky plays -- for which shipping equities certainly qualify.Mike Bellafiore, a trader and partner at SMB Capital, said "risk aversion" has suddenly become a factor again. Beaten-down shares of dry bulkers had staged a minor late-summer rally, especially DryShips (DRYS - Get Report), the most widely traded among shipping issues, as investors sought to put money to work. But now, Bellafiore said in an email, market participants are "[moving] out speculative names and into more defensive positions."
DryShips: Shipping Winners & Losers
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