Yes audio you are correct. I have never shorted DRYS. I am a simple investor. I don't like put/calls and the such. They can expire worthless and most often do.
I wait for a basement low price and buy and hold till a rise above the purchase price. I followed DRYS all the way down to 4. Then after several years of watching and waiting I dipped in my toe.
I would never pay 131...100..90...80..70..60..30..20....for any stock. I like low single digits. I like to try to pick the bottom, or as close as possible. I buy a sick amount so even 30 to 50 cents is a big score.
Why is this so hard to understand.
Of corse I spend years on the financials before I get in sometimes. As long as I feel BK is not in the cards I jump in at or near bottom.