Shares of marine shipping and small-cap energy services stocks have been hammered over the past week for reasons that have more to do with profit-taking than anything fundamental
.
Of course, when your stocks go down in value you sometimes don't really care if it's due to something wrong with the business or the fact that recent momentum traders are exiting. It all feels the same.
No one has a perfect view of the future, but it sure looks to me like this is a great opportunity to pick up shares of leading dry-bulk shippers like Genco Shipping & Trading(GNK Quote), Dry Ships(DRYS Quote), Navios Maritime(NM Quote) and Paragon Shipping(PRGN Quote) while they endure this rough spot.
Let me give you a quick update on the marine shippers, and then introduce Oceanaut (OKN Quote), a risky but promising new name that even longtime followers of the group may not know about. ...
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