Anybody in on the dry bulk shipping action? (DRYS)
- Thread starter Thermactor
- Start date
A lot of people here long DRYS
I still think it stinks. Why did it fall from 130 last year to a low of 60? GL
I still think it stinks. Why did it fall from 130 last year to a low of 60? GL
Dryshits down 4.5% erasing past 2 days of gains
the chart tells all. This stock is VERY heavily distributed. Beware.
I would sell this turd and move money into MOS V POT MA CLF GOOG which have better charts and accumulation. These stocks are only down 1-2% today or are up.
GL
the chart tells all. This stock is VERY heavily distributed. Beware.
I would sell this turd and move money into MOS V POT MA CLF GOOG which have better charts and accumulation. These stocks are only down 1-2% today or are up.
GL
DRYS follow the market tightly. My earlier post said go long at 88-90 and short them 94-96. If you shorted them yesterday at 94, you'd have a nice gain today. I have puts sold on DRYS with a stop at break even in case they "tank" too far. If they stay above 85 2 more weeks, I'm good. V is awesome. I've made $15K on three trades since the IPO, two options trades and an IPO-day stock trade. I'll be trading them for a while.
DRYS may make a good trading vehicle cause its very liquid, but a bad long term investment
I see CDS as a solid log term investment. I've traded them a lot in the past couple months, but I also maintain long positions of about 12,000 shares. They're fairly inexpensive right now, though pretty volatile from day to day. Their President just won Earnst & Young Florida Entrepreneur of the year award and they've been a Navallier strong buy top growth company for many months. If they can stay above $10 share at some point, the institutional buyers will catch wind of them.