So I purchased DRYS a while back... Late last year I believe, November or December.. My dad was watching Cramer's show one day and he was pumping DRYS and DSX, so he told me he thought it was a good buy.. Got in at 1.93, 3000 shares. I'm just a long term player, not a day trader, also bought 3000 shares of Sprint at 2.97 back over a year ago as well.. Of course, within a month or 2, it dropped down in the 1.70's or 1.60's I believe but I kept holding.. My hopefully plan is that both of these stocks become 20-30/per share in the next few 3-5 years at the minimum and at that point continue to invest with a larger amount of funds..
In watching DRYS over almost a year, and following along on this board, I've seen it rise from where I bought it to 2.10-2.20ish, only to drop back down.. Especially during earning season.. It would rise to the build up and then drop after release.. So as many here say, it seems like a highly manipulated stock.. But over the last month, the rally has continued.. Many green days, followed by a down day, probably to scare the little guys like me off, but I saw the same thing during Sprints climb..
So my question is, do many of you feel this time it's real, and in a few weeks when earnings report comes out, it will disappoint and shorters will emerge successful again? Or do you think it holds or continues to climb, or maybe even drops some from where we are now and then earnings is a hit and continues with its upward trend??? I'm up almost $6k since purchased and am tempted to use margin $$$ to buy more but dont want to see it drop down to previous levels and be screwed, even though I could always use a stop-loss order..
Thank you for your time!!
ANOTHER CLASSIC KEM60 POST.......Stonebloney id question post, all kem60's id responses....A classic.
Quit scamming us.
I repeat, ,kem60....It all come back home to you, what goes around, comes around, kem60
QUIT SCAMMING THIS BOARD!
I follow DRYS every day for 5 years. i have almost 100000 shares. it will go down a bit profit sharing but the ful rebound will be in 2015. look at the projected earning for EGLE, DSX, GNK, NM, PRGN,BALT.. and all the rest of the shipping. DRYS is the only one in black in 2014 thx to ORIG. with this restocking of china things will look even better. but don't be greedy. Management has issues dump it at 6
management do shady stuff thrugh CARDIFF. but if you understand the path you can make money. remember when DRYS was 120 it has 10 times the curret shares. so if it gets to 12 it will be the same. but then ORIG isn't what it used to be. please don't keep this for longer than 3 years. dump it 6-8. if you are smart you can make money off of even thiefs. they can't steal everything. just walk along them and at the right opportunity they will let you share part of their loots. that is the phsycy of DRYS management.
Trust me. i am probably the most knowledge guy on this board. read everthing about shipping for 5 years every day. read all the financials of all the shipping. 90% of the guys on this message board want this stock to go down so that they can short it. hang in there but don't get greedy. as soon as it gets to 6. managenet will go on a shopping spree and either dilute the sahres or sale chunks of ORIG. i am waing until it gets to 6-8 before dunping it
The glut is still there. the recent boom has masked it. there is 18% glut. will clear in 2015 and nothing can stop the rally after dad but poor managenet. i hope DRYS doesn't go on shopping spree. DRYS has the history of biting more than it can chew
You've been watching this for a year since you bought it and are asking for advice about where price is going? What are you, like 15 or something? You should be an expert by now.
Like I said man, I'm not a trader, I bought because I had some money and my dad was more of the daytrader, knew how to read charts and what not and thought it was a good buy... Unfortunately he was diagnosed with cancer 3 years ago but about 6 months ago his health really took a turn for the worse and just passed away a couple weeks ago.. So I'm holding and hoping for the best, but the one I could really go to for advise is no longer here.. So no, I'm no expert if you were trying to be a smart#$%$
DONT USE stop-loss orders...we could have another flash crash and you will get stopped out. Even Cramer agrees
Hold DRYS and S for the next few years and ignore the noise . Remember Netflix dropped to $50 not too long ago and is now making new highs at $320
Keep your eyes on the prize
kem60, have you no shame...A freshly, newly created ID...Hot off the press, what do you get out of this sham of yours, you need to see a shrink, tonight. Now, go ahead and respond to it a dozen times with your other ID's.
yes, it's real. Whether it continues unabated depends on if the rates come up on the suzemax and handymaxes to match the capsizes. If not, it will retrace but that's no reason to sell. The breakout point today was heavily defended. I would just hang tight awhile and see what shakes out for now.
I hear ya... The way I see it, I'm up money.. Sure, it may be small.. I don't have hundreds of thousands of $$$ to invest.. But I'm working with what I have.. And I'm willing to let it play out.. Started with $9,000, bought the 3k worth in Sprint at $2.97.. And then as that hit the $6/7 range with the Softbank news, I bought the 3000 of DRYS using margin money... So I'm up like $150 percent in my portfolio in about a year and a half since I originally bought Sprint, wish I was playing with more $$$ of course but I'm fairly young.. Only time will tell I suppose..