We are gonna gap up to $5 very soon...any day next week...there's really NO resistance...because it fell so fast. Just as long as that pretty little BDI keeps going up....$$$
Sentiment: Strong Buy
Not to bum you out but the share count was a lot different two years ago as well...got to look at the whole picture...ORIG is the real story here IMO and has been the saving grace of DRYS. Been long DRYS and now ORIG for some time..I believe it only gets better from here and of course their will be dips along the way which I will now be buying.
Finally, someone else pointed this out. Exactly is right. And DRYS's base has been building ever since. DRYS has a great, long term bottom from which it is now moving up. As DRYS move up through $4 and $5 towards the next key resistance level between $6-$8, there is real technical support beneath it, and not to be forgotten, powerful fundamental support as shipping rates continue to rise. Go DRYS. Today looks great so far. If it closes strong, it could be a great set up for the latest consolidation breakout and next upward leg.