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DryShips, Inc. Message Board

  • prosperousdude prosperousdude Nov 29, 2007 10:39 AM Flag

    I predicted sucker's rally might take as high as 95.

     

    Well you saw 93 and that's close enough for me. The 94 range, if you recall on the way down, was a support level turned resistance. So now shorts can take out new positions near resistance with much reduced risk. Keep talking about the fundamentals as if they are controlling this stock if you like, but technicals are in the driver's set IMO.

    GLTA

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    • You are def right about the technicals and this stock, I was slong, short, and now long again. I plan on staying long for awhile. Why? Because with 12% float being short, should pressure the stock short term and create some very nice buy points for a stock that will do well over the long term.
      I also own exm.
      Good luck short and longs

    • I am also suspicious of this TA analysis. For this analysis to be true, you are assuming drys is in a down trend. However, I just don't see it, whether you are looking at a 6 month chart, or a 12 month chart. It's still an uptrend, with a pullback. If you subscribe to dow theory, it's only going up higher.

    • If your TA was so high and mighty then you would not need a stop as far as I am concerned. Shows me that you are just as uncertain as anyone....

    • So Prosperous, I guess you have entered short position? I think this will run up to open at end of the day, especially with Bernanke speaking. Too little visibility to see into tomorrow...

    • I thought that she shows quite some strength today with the general market digesting the two day rally. I actuyallyb was amazed how most of the momentum stock like BIDU, SPWR, etc continue to show strength and what I hear most technicians doin';t advise to short right now.

      BTW I looked up GLTA, because I didn't know what it meant (silly me), and google showed 'guy and lesbien tennis association' above 'good luck to all'. I thought that was quite funny...

      But agree...good luck to all!

    • you didnt have much to say yesterday shortie.... the market is down 50 points and we are still climbing up 5 percent.. i agree we will most likely stay around 95 today.. but when ben comes on tonight and gives hints about cutting again dryships will run to 110 really quick. so i guess this will be the last day you come around this board. take care we will miss you soon.......

 
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3.26-0.06(-1.81%)Aug 27 4:00 PMEDT

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