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What: Investors are jumping back on board DryShips
So what: Net voyage revenues fell to $81.7 million from $106.7 million a year earlier, but the company's subsidiary Ocean Rig
Now what: The trading action was very unusual today with shares dropping 10% and then rising 10% as the day went on. Dry bulk rates are still low, and I don't see a reason to buy DryShips after reporting another loss. If anything, Ocean Rig is more interesting since it has exposure to the exploding ultra-deepwater drilling market without the exposure to dry bulk shipping.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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