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DryShips, Inc. Message Board

  • jpdyanni jpdyanni Oct 5, 2013 7:35 AM Flag

    Investment / Day Trading

    As an investor-myself- I believe the news are positive..2 years from now drys canj be substantially higher. they r doing the right thing. I won't be surprised if stock moves up. Perhaps the big players will like this event. However, if u r day trader u will sell and try to get in make some fast money.....just be carefull. Positive Guidance is more powerful than raising 200 million. good luck long in drys at low 2. fyi. got ford at 1.89 still holding and BAC low 3 back in 08....

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    • Keep telling yourself it was a positive, dilution in DryShips case is just another nail in the coffin. $200 million is just a drop in the bucket for DryShips, they need that much, and more just to service the debt for a year. Mr. Economou is boxed in a corner, banks will not lend him more money. He will have to come back again, and again to do further dilution.

      I came here Wednesday, created a Yahoo account to say that Mr. Economou would do a share offering, I thought it would be Wednesday, or that it could be imminent. That post got 9 thumbs down, real honest information that investors could have used.

      I know this company well, it is a mismanaged company, and if an American company, it would not be in business. Mr. Economou has become a billionaire off of shareholders, he will continue to do it. Why? Because he can.

      • 4 Replies to londonwhale1
      • Funny, they lend him money at Cardiff and Ocean Rig all the time.

      • "$200 million is just a drop in the bucket for DryShips, they need that much, and more just to service the debt for a year."

        DRYS debt is only $1.7 billion. The rest is ORIG. DRYS is not paying 14% interest.

      • Markets sniffed this early last week..I believe you. Also, It is a known fact that the BDI is higher and demand is getting stronger. panamex rates will increase and drys have 28 ships. positive guidance per George is on record. I am not saying that the stock will reach 120 dollars but it has potentials to reach 7 plus. lets wait to hear from the other shippers on earnings and guidance.... After market activity was low 3.4 to high3.79 which averages 3.5..Vangard and Fidelity holding drys. The first is very conservative the second take some risk but fid analysts do good diligence....

      • I'm not going to hide an apology 3 days deep in threads. London you did make the call (1 of 9). You have huge balls to post that. No dis to you. Just remember that it can be hard to separate diamonds from rocks.
        That being said GE obviously needs the capital and what he does with it is far more important than that he hit the ATM. Everyone should have known he couldn't grow out of $4.5B. I'm still betting that a year from now I'll be a happy camper.

3.00+0.02(+0.67%)Sep 19 4:00 PMEDT

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