"Quite frankly, we remain pretty negative," Boyden said.

The health of dry bulk carriers hinges on macro-economic activity, which clearly hasn't been incredibly positive. But an injection of liquidity, loosening of Chinese reserve requirements and the fact that dry bulk stocks have lagged the larger market rally, could be enough to move some traders from the sidelines into the action.

You might earn a surprise gift by Christmas, should you play. But poor luck could result in a lump of thermal coal, instead.

Wednesday's biggest dry bulk gainers: Excel Maritime Carriers ( EXM) at $1.89, up 14 cents, or 8%; DryShips ( DRYS) at $2.25, up 11 cents, or 5.1%; Navios Maritime ( NM) at $3.48, up 11 cents, or 3.3%; and Genco Shipping & Trading ( GNK) at $7.58, up 21 cents, or 2.9%.

-- Written by Joe Deaux in New York.

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