In spite of the recent market massacres this stock has continued to rise undeterred. Just something to consider.
Anybody in on the dry bulk shipping action? (DRYS)
- Thread starter Thermactor
- Start date
I'm back from vacation and missed all the action (traveling thru lots of areas with no connectivity so I traded nothing, and really regretted not trading my highest probability trade of shorting RIMM at 146 prior to earnings). So I see DRYS is still showing lower lows and lower highs, but earnings are August 11th, there's generally a run up into earnings, and July/August are historically very strong return months for them. I like C.A.'s idea of entering in early August, but day trading them seems predictable right now, with the 5-minute chart printing excellent long and short signals each day.